Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 11th August 2020

Andreas D. Symeou LL.B, M.Sc (U.L.A.), MRICS

Transfer fee discount could be win-win for all

A generous discount on Property Transfer Fees would provide a serious incentive for both vendors and purchasers to complete transfers and bring millions of much needed revenues into state coffers.

An end to greedy developers extorting cancellation fees

The days when greedy property developers could extort contract cancellation fees from purchasers who wished to sell a property in Cyprus before its Title Deed had been issued have come to an end.

Transfer fee reductions could increase public revenue

A number of simple and practical measures could be taken by the government of Cyprus that would encourage the timely transfer of property titles, increase public revenues, reduce tax evasion and support the property market.

Summary of Cyprus planning amnesty laws revealed

The draughtsman of the original amendments to the Cyprus Immovable Property (Tenure, Registration and Valuation) Law provides a summary of the new laws that were approved by parliament last month.

Thousands of Title Deeds waiting to be transferred

Although the Cyprus Land Registry issued 15,000 Title Deeds between June 2009 and November 2010, only 4,200 have been transferred. What is causing this problem and what can be done to resolve it?

A new dawn for the Cyprus property market?

Next year could see the dawning of a new era in the Island’s property market following the introduction of the proposed changes to the property laws; Andreas D. Symeon explains.

Most Read

Small rise in construction of new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019 according to official figures released by the...

Property sales to foreigners continue to fall

The number of Cyprus property sales to foreigners continued to fall in July with numbers down to 36 per cent on the numbers sold in July 2019 according to the Department of Lands and Surveys.

Property sales in Cyprus improving

The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing loans granted from 1st March 2020 until 31st December 2020.

Tender awarded for Larnaca port and marina

The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli and Cypriot interests.

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