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18th April 2024
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Yearly Archives: 2012

News

Tax incentives expanded and extended

Nigel Howarth -
The government has expanded the 5 percent VAT payable on new homes used as primary residences to include non-EU citizens and has extended the Property Transfer Fee reduction/suspension until the end of the year.
Investment

Fitch places three top banks on rating watch negative

Nigel Howarth -
International ratings agency Fitch has placed the Island's top three commercial banks on rating watch negative meaning that they could be downgraded in the near future as they remain highly sensitive to events in Greece.
Investment

Luxury real estate market resists crisis

Nigel Howarth -
The Cyprus Residential Development Prime market report 2012 by international property consultancy firm Frank Knight says that demand for the very top-end of the real estate market has remained strong.
Investment

Will Cyprus follow Dubai initiative to protect investors

Nigel Howarth -
Cyprus is not the only property market suffering from a lack of overseas investment. Next month, Dubai plans to introduce legislation designed to protect investors enabling them to obtain a full refund.
Investment

Greece exit from Eurozone would hit Cyprus hard

George Psyllides -
Experts agree that Greece leaving the Eurozone would hit Cyprus hard; the Island will be plunged into a deeper recession, the entire population will have to make sacrifices and we will end up in an EU bailout.
Investment

Could Cyprus be the next domino to fall

Editorial -
In a programme first broadcast on the BBC News Channel earlier today, HARDtalk's Stephen Sackur asks the former finance minister Michalis Sarris if Cyprus could be the next domino to fall in the Eurozone crisis.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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