Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 11th August 2020
Tags Immovable property tax

Tag: immovable property tax

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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.

House passes bills to tighten citizenship scheme

Parliament on Friday voted into law two bills and approved regulations aimed at tightening Cyprus' citizenship by investment programme, which has come under fire from the EU.

Cyprus to fast-track building permits starting October

Cyprus is moving to cut red tape in order to fast-track the issuance of planning and building permits from 1st October , slashing the waiting time down to just 2-3 weeks.

Parliament to vote on tougher citizenship rules

The House interior affairs committee has wrapped up discussing new regulations to tighten up the citizenship-by-investment scheme, flagged by the EU as a potential money-laundering risk.

Paphos undergoes multi-million facelift

Paphos is in for a facelift with its fair share of new developments while getting smarter with digital projects worth tens of millions of euros nearing completion or in the making.

Real estate measures to counter the impact of Covid-19 in Cyprus

The Cyprus real estate market is held hostage by the coronavirus; its performance depends on the duration of the virus, a vaccine, and how quickly we apply real estate measures.

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