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28th January 2023
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Can’t buy, unable to rent

Increased mortgage rates have dashed dreams of owning a home, leaving many in a catch-22 situation as rents are rising, exceeding what families pay...

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on properties, otherwise it will move...

Property market pinning hopes on foreign buyers

Cyprus' property market is feeling the brunt of hiking building costs and interest rates as Cypriots see their dream of owning a home dashed,...

Real estate will stabilise after mini-boom

Cyprus' real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted...

Europe issues VAT ultimatum on new homes

The European Commission has sent an ultimatum to Cyprus regarding the island's abuse of the European Directive on reduced VAT when buying or building...

Foreign investors driving the property market

Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in...

Our top 10 stories for 2022

Cyprus property news was visited by more than 850,000 people this year and as we approach Christmas here are the top 10 articles and...

Land Registry department modernising its records

The Department of Lands and Surveys (DLS) said it will modernise and update its records so that each property is assigned to its owner...

Housing booms over as prices fall

Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody's...

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...

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