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Cyprus back at number 10

Cyprus jumped twelve places to number 10 in November’s Top of the Props chart published by TheMoveChannel.com, which records the most searched for overseas destinations to buy property.

New expectations for major projects

The Cyprus Investment Promotion Agency has identified serious interest on behalf of a number of prospective investors in twenty eight large scale development projects in Cyprus.

Chinese interest increasing

Chinese investor interest in Cyprus has grown dramatically over the past year with the juwai.com Purchasing Intent Index reporting the highest increase of all the Mediterranean countries.

Tax incentives may cost €21 million

The property tax incentives designed to attract high-net-worth foreign investors to Cyprus could cost the government up to €21 million a year according to finance minister Harris Georgiades.

Tax incentives target rich foreigners

A 50 per cent cut in Property Transfer Fees and other tax incentives have been announced by the Cyprus President in efforts designed to attract high-net-worth foreign investors to the island.

Citizenship scheme raises €2 billion

The ‘Citizenship by Investment’ programme for foreigners has boosted the Cyprus economy by €2 billion from property sales and investments in the country according to an audit services report.

Cypriot banks to benefit from foreclosure law

In its Credit Outlook, which assesses credit implications of current events, Moody’s Investors Service considers the implementation of the foreclosure law is credit positive for Cypriot banks.

Capital controls to end on Monday

President Nicos Anastasiades has announced that Cyprus will eliminate the last of the capital controls, which were imposed in April 2013 as part of a €10 billion European bailout, on Monday 6th April.

S&P revises Cyprus outlook to positive

Standard and Poor’s (S&P’s) has revised the Cyprus economy’s outlook to positive from stable, citing better than anticipated reduction in the country’s public debt and the less adverse economic growth.

Lebanese duped by false residency claims

A number of Lebanese nationals have been duped into buying property in Cyprus by ‘dubious’ agents who claimed that they would obtain a residency permit after a certain period of time.

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