Latest Headlines

Archive for April, 2018

Cyprus construction NPLs highest in Europe

The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release issued by the European Banking Authority.

Land Registry & Property Transfer Fees

In Cyprus, Property Transfer Fees are the local equivalent of the UK’s Stamp Duty Land Tax (SDLT), is a tax that is paid by a purchaser when they buy property or land; so why are so many people complaining?

January new home permits up 25 per cent

The number of new homes in Cyprus for which building permits have been issued rose by 24.9 per cent in January 2018 compared to January 2018 according to the Cyprus Statistical Service.

Impressive growth in Cyprus property sales

The impressive growth in Cyprus property sales continued in March with the number of properties sold rising in all districts (with the exception of Famagusta) according to the Department of Lands and Surveys.

Energy saving grant scheme

There are opportunities for those living in Cyprus permanently to increase the energy saving of their homes through the “I Save I Upgrade” grant scheme, which is co-funded by the European Union and the Cyprus Government.

Sea caves destruction blocked

The Cyprus Minister of Agriculture has blocked the building permit for the construction of a five-star hotel, residences and villas with swimming pools located next to the sea caves area in Pegeia by Korantina Homes Ltd.

Back to top