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Archive for 2018

Communal fees – sinking fund

Some Management Committees in Cyprus have set up a ‘sinking fund’; money set aside to replace/renew/repair items like swimming pool equipment, watering systems, external redecoration, etc.

Top ten Cyprus property stories in 2018

Cyprus property news has attracted more than 850,000 visitors in 2018 and here is a summary of the top 10 most popular stories, which include articles and news about Title Deeds, swimming pools, taxation, etc.

Fighting for Pissouri landslide victims

The lawyer acting for the victims of the landslide in the Limnes area of Pissouri has called on the government to stop pretending, admit there is a landslide and compensate those affected.

KPMG Cyprus real estate report

KPMG’s ‘Cyprus Real Estate Market Report – The Insights’, now in its ninth edition, provides an overview of the Cypriot economy and assesses the performance of the real estate sector.

Pension Christmas present from HMRC

Amendments to the 2018 Double Taxation Convention between the UK and Cyprus allow those in receipt of Government service pensions to choose whether to pay tax on that pension to the UK or Cypriot authorities.

What next for Limassol development?

With Limassol’s seafront peppered with luxury towers and new developments, there is almost no room for new projects, so investors are heading outwards while eyeing the area between the new marina and the old port.

Cyprus property price index Q2 2018

The RICS Cyprus Property Price Index for the second quarter of 2018 reports that residential prices for houses and apartments increased by 1.3% and 2.1% respectively on a quarterly basis.

Almost 2,500 ‘golden visa’ applications

A list contained in a letter that was leaked to the media reveals that between May 2013 and August 2018 2,390 ‘golden visa’ applications were filed on behalf of foreign nationals seeking Cypriot naturalisation.

Limassol plans low-cost housing units

Plans by the Limassol Municipality to build 500 low-cost housing units in Ayios Nicolaos and Ayios Ioannis to address the high rent problem in the city have been supported by the Interior Ministry.

September 2018 building permits

Official figures released by the Cyprus Statistical Service report that 588 building permits were authorised in September 2018 for the construction of new homes, civil engineering projects, etc.

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