There have been a number of changes to various property taxes in Cyprus in recent times and a summary of the impact of those changes for individuals with property on the island are summarised below.
In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?
British expats living in Cyprus have seen a fall in the Euro/Sterling exchange rate in the wake of the BREXIT referendum and are finding that their UK pensions are not stretching as far as they had planned.
A revised guide to finding Cyprus property valuations on the Department of Lands and Surveys website, which has undergone a major overhaul and now provides a multitude of additional features.
Demand for water in Paphos is increasing as more golf courses are built in the district and if there is little rain again this winter there is a real possibility of severe water shortages again next year.
Olive trees have a special status in Cyprus because of their potential to bring in a significant income but here’s a bizarre story about a Cypriot man who was forced to pay property tax on an olive tree he doesn’t own.
Unless the Cyprus government cracks down hard on recidivism in all its forms, an international risk management consultant predicts that Cyprus is likely to hit another 2013 scale financial crisis within five years.
The Paphos municipality of Pegeia, which has the largest population of British expatriates living in Cyprus, is the focus of an analysis of property sales undertaken by Delfi Partners and Company.
British expats in Cyprus have been advised to keep calm and carry on following Thursday’s BREXIT vote that has left many of them fearful of what the future may hold once Britain leaves the EU.
Although property sales in Cyprus appear to have increased by 25 per cent during the first five months of 2016, the numbers include debt-to-asset swaps as part of the banks’ restructuring deals.