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6th July 2022
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Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty...

Cyprus property values and numbers growing

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2%...

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline, a mortgage-to-rent scheme, to distressed borrowers to help...

Cypriot passport in fourteenth place

A Cypriot passport ranks in fourteenth place out of 227 countries worldwide, according to the Henley Passport Index for 2022. The Index is the original,...

VAT rate on first homes rethink

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to - again - rethink parts of a bill providing...

New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed...

Cyprus mulls raising bar for expat retirees

UK pensioners eyeing a retirement home in Cyprus may have to rethink their plans, as changes proposed by the government on granting residence permits...

Pissouri homeowners plead with MPs

Residents of Pissouri on Thursday pleaded with MPs to help with mounting problems as a result of continuing landslides in the area, including the...

Paphos, Limassol property market booming

Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the government...

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