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6th December 2022
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Home buyers cheated state of €16.2 mln VAT

Over 270 people, mostly foreign investors eyeing a Cypriot passport, benefited from the reduced rate of 5% VAT for first-time home buyers instead of paying the standard 19% rate,...

Bar raised for Cyprus retirees

UK and other non-EU pensioners eyeing a retirement home in Cyprus are being pushed to rethink their plans as authorities raise the bar for...

Golden passport trial delayed until next year

Four accused of selling Cypriot passports (the so-called 'golden passports') to dubious investors for cash were called to plead the five charges against them...

Hiking interest rates impact house buyers

The soaring cost of living and higher interest rates threaten to blow open the real estate sector's recovery, say local stakeholders who want the...

Making changes to your apartment

Owners of apartments in Cyprus should soon be able to make alterations to their apartment within a 'jointly-owned-building' without the consent of the Management...

36 per cent rise in property sales (update)

The Department of Lands & Surveys reports that 1,171 property sales contracts were deposited at Land Registry offices across Cyprus in October compared with...

No shift in house prices after rates hike

The increase in interest rates has not affected real estate price tags, as hiking construction costs and healthy investor demand looking for alternatives to...

Construction materials prices rise 14.26%

The price index of construction materials rose 14.26 per cent in October on an annual basis and 0.12% compared with September according to the...

Sales up 18 per cent in first nine months (Update)

The Department of Lands & Surveys reports that 1,157 property sales contracts were deposited at Land Registry offices across Cyprus in September compared with...

House prices up 4.7% year-on-year

The increase in house prices accelerated in the second quarter of 2022, mainly due to the increased construction costs, reports the Cyprus Central Bank...

Construction materials prices steadying

The price index of construction materials rose 16.24 per cent in September on an annual basis compared with August when they rose 16.69 per...

Significant real estate repricing is coming

Real estate stocks have signalled that significant repricing is coming and the market has three big challenges ahead: Political risk due...

Kitchener’s survey of Cyprus

British Field Marshal Horatio Herbert Kitchener (1850-1916), later 1st Earl Kitchener, is probably best known for his WWI recruitment poster. But he was also...

Real estate safe from EU property bubble

Cyprus' banking and real estate sectors will not be affected by a possible bubble from overheating of the residential market in the European Union,...

Warning of unsafe areas to build in Cyprus

The Cyprus Geological Survey Department is warning citizens regarding the protection of their immovable properties, reviewing the geological suitability zones where investment is not...
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Foreclosures freeze a ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House's decision to extend a freeze on foreclosures, arguing that Cyprus's credibility...

Jointly-owned building law in committee

In June I published details of a draft jointly-owned building law designed to solve a host of serious issues with the current law including...
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