Cyprus has made limited progress with implementing the 2016 country-specific recommendations said the European Commission in its country report on Cyprus issued earlier today.
Moody’s expects that Cyprus property prices will broadly stabilise over the coming quarters and that demand for property will increase gradually from low levels; however household debt will constrain growth.
Thousands of properties in Cyprus that have not been declared to the Tax Department have been discovered during a revaluation exercise by the Department of Lands and Surveys according to the island’s Interior Minister.
The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.
The Zyprus property portal, which enables those wishing to buy, sell or rent a property in Cyprus to make better-informed property decisions, is Cyprus’ answer to Zoopla in the UK and Zillow in the USA.
Home buyers on the Paradise Hills estate at Marathounda in Paphos have yet another hurdle to content with as tens of thousands of litres of water cause ground erosion and subsidence
The widow of a British suicide victim is calling for institutions in the UK and Cyprus to be brought to account in connection with the Cyprus property mis-selling scandal that has devastated the lives of so many.
Twenty five owners of properties valued in excess of €3 million at 1980 prices failed to pay their Immovable Property Tax by 27th December according to information from the Tax Department.
An opportunity to reflect on the news and events that helped to shape the Cyprus property market over the past year in our list of Top 10 stories that have attracted the most readers in 2016.
There is still considerable work to be done on what the EC refers to as “the currently dysfunctional Title Deeds issuance and transfer system” in its post-programme surveillance report on Cyprus.