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26th April 2024
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Monthly Archives: April, 2018

News

Non-performing loans (NPLs) initiative

George Psyllides -
Following comments from the troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws.
News

Limassol rent rises spiral upwards

Andria Kades -
Property rents in Limassol have increased by around 25 per cent over the past two years, much higher than other cities in Cyprus resulting in many locals being priced out of the market.
News

Cyprus property revaluations underway

Nigel Howarth -
Cyprus properties are being revalued by the Department of Lands and Surveys to reflect their 2018 values; the revaluation exercise was announced by DLS Director Andreas Sokratous earlier today.
News

Cyprus house prices up 2.7 per cent

Nigel Howarth -
The Cyprus house price index (HPI) rose by 2.7 per cent in the fourth quarter of 2017 and rose 2.4 per cent on an annual basis according to a preliminary estimate by the Statistical Service.
News

Cyprus construction NPLs highest in Europe

Nigel Howarth -
The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release issued by the European Banking Authority.
Articles

Land Registry & Property Transfer Fees

Nigel Howarth -
In Cyprus, Property Transfer Fees are the local equivalent of the UK's Stamp Duty Land Tax (SDLT), is a tax that is paid by a purchaser when they buy property or land; so why are so many people complaining?

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