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6th December 2022
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Editorial

Home buyers cheated state of €16.2 mln VAT

Over 270 people, mostly foreign investors eyeing a Cypriot passport, benefited from the reduced rate of 5% VAT for first-time home buyers instead of...

Golden passport trial delayed until next year

Four accused of selling Cypriot passports (the so-called 'golden passports') to dubious investors for cash were called to plead the five charges against them...

Who will benefit from Mortgage to Rent scheme?

Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government's latest lifeline for distressed borrowers to help them keep their homes,...

No shift in house prices after rates hike

The increase in interest rates has not affected real estate price tags, as hiking construction costs and healthy investor demand looking for alternatives to...

Foreclosures freeze a ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House's decision to extend a freeze on foreclosures, arguing that Cyprus's credibility...

Larnaca port-marina project largest in Cyprus

The €1.2 billion integrated port-marina development project in Larnaca is the largest ever undertaken in Cyprus, said Transport Minister Yiannis Karousos. He expressed satisfaction that...

Property sales €1.65 billion in Q3

Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third quarter,...

Inflation threatens home-owning dreams

Hiking inflation is threatening to halt an upward trend in housing loans from Cypriot banks recorded in the past two years, as interest rates...

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