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Monthly Archives: July, 2016

News

Chinese property scam arrest

Staff Reporter -
Paphos police have arrested a man on suspicion of scamming Chinese property buyers following a complaint by a Chinese woman who handed over €260,000 to men posing as intermediaries for well-known property developers.
News

Property Transfer Fees reduction permanent

Nigel Howarth -
In an announcement published earlier today the Cyprus Finance Ministry advised that it has lifted the temporary 50 per cent reduction in Property Transfer Fees for transfers that take place by 31st December 2016
News

Immovable Property Tax payments

Nigel Howarth -
In September the Tax Department will start sending Immovable Property Tax notices to some 237 thousand taxpayers who will find their tax bills reduced to 25 per cent of the amount demanded last year.
News

Chinese targeted by property scammers

Nigel Howarth -
Scammers in Paphos claiming to be middlemen of major developers have taken money from a Chinese woman who subsequently discovered that the land she had paid for did not belong to the seller.
News

Cyprus Central Bank home prices Q1 2016

Stelios Orphanides -
The Cyprus Central Bank has published its residential home price indexes for the first quarter of 2016 recording a fall in house prices over the quarter of 1.3 per cent and a rise in apartment prices of 0.6 per cent.
News

Luxury homes go under the hammer

Staff Reporter -
More than a hundred properties, including a number of luxury homes, will soon be auctioned off together with a hotel and other properties worth a total of €24.6 million according to the Phileleftheros.

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