Cyprus' leading on-line resource for home buyers & real estate investors -

18th April 2024
Cyprus Property News logo

Yearly Archives: 2017

Local property tax set to change

Some will pay more and some will pay less local property taxes in Cyprus this year as charges will be assessed on 2013 property valuations rather than those of 1980 in efforts to provide a fairer taxation system.

Cyprus home prices fall 1.4 per cent

Although a quarterly fall of 1.4 per cent in Cyprus home prices was recorded during the first quarter of 2017, prices rose 4.1 per cent on an annual basis according to a press release from the Cyprus Statistical Service (CYSTAT)

Banks helped by increased building permits

Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve their asset quality says ratings agency Moody's.

Cyprus real estate market review

PwC (Cyprus) has published "Cyprus Real Estate Market – 2016 Year in Review", which provides a general overview of the Cyprus property sector based on authoritative market data.

Pissouri homeowners still in limbo

Property owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the mess, which at that time was estimated at up to €20 million.

Vote imposing VAT on land sales postponed

A vote by the Cyprus government on a bill to impose 19 percent VAT on land sales (building and development plots) has been postponed until September; the draft bill will be sent to the EC.

Top Stories