Cyprus Property News for home buyers and real estate investors

Monday 18th January 2021

Monthly Archives: April, 2018

Mixed views on crocodile park

The 500 people who attended a meeting last night to discuss the proposed crocodile park near the Achna reservoir had mixed views on the proposal put forward by the Israeli firm TSA Crocopark.

Tax shock for British residents in Cyprus

The revised UK and Cyprus Double Taxation Convention, which was signed on 22 March, could result in higher taxes for some retired British residents in Cyprus whose pensions are paid by the UK Government.

Taxing Airbnb property rental income

The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking to address the problem of tax evasion on rental income received.

Residential property prices continue to rise

The Cyprus Central Bank reports that the price of residential property in Cyprus (apartments and houses) continued to rise on a quarterly and annual basis during the fourth quarter of 2017.

Crocodile park gets go-ahead

A crocodile park earlier rejected by the Psematismenos and Athienou communities has been given the green light by the Achna Community Council in Famagusta by a majority of council members.

VAT break for young couples buying land for first home

Young couples buying land for their first home in Cyprus may only pay 5 per cent VAT on its purchase price rather than 19 per cent under a draft bill submitted to parliament by the government.

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