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All reports tagged with: "holiday homes"
Cyprus property sales: December 2009 report
The number of properties being sold in Cyprus improved marginally last month. However, demand is still very low compared to previous years and some believe the Island’s property market will never return to the heady days of 2007.
Property market report for Cyprus
Falling property sales, which are down by 52% this year compared to last, are impacting employment levels, the inflow of revenue to state coffers, and the island’s economic well being.
Illegal tourist rentals in Cyprus
Official figures reveal that one third of all tourists arriving in Cyprus stay in unlicensed holiday accommodation. The situation is exacerbated by developers who promote their villas and apartments as being suitable for ‘buy to let’ holiday homes.
Cyprus sale achieves €8.8 million
Brave property investors exchanged shares valued at €8.8 million for Cyprus holiday homes. Although somewhat less than the sales target of €50 million, Dolphin MD declared the shares-for-property swap programme a success.
Tax rebate for British second homeowners
Many Britons who let out their European holiday homes could be entitled to a tax rebate under measures announced in April’s budget. However, from next year
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