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20th April 2024
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Yearly Archives: 2017

News

Surge in new homes construction

Nigel Howarth -
July saw another surge in the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction compared to the same period in 2016.
News

Cyprus house price index up 3.1 per cent

Nigel Howarth -
The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.
News

IMF: Reinstate Immovable Property Tax

Nigel Howarth -
The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.
Marinas

Paphos marina decision expected soon

Bejay Browne -
The Pafilia Group should hear by the end of the month whether it has met the required criteria to build the Paphos marina, which has been stalled by bureaucracy and legal battles for more than a decade.
Legal Matters

VAT on land sales agreement

Nigel Howarth -
Cyprus is to impose VAT at a rate of 19 per cent on land sales for commercial activities, which will be based on the Dutch model according to a report in the Greek language media.
News

September property sales up 8 per cent

Nigel Howarth -
The number of property sales in Cyprus during September 2017 rose by 8 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

Cyprus Property News also has an on-line Cyprus Property Forum where individuals wishing to buy or sell property and those who are facing problems can seek independent advice completely free of charge.

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