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28th March 2024
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Tag: property market

Transfer of development rights to be aided by new bill

Proposals designed to assist those whose properties are located in environmentally protected areas or that have been affected by public works involve transferring their development rights to another property.

Future prospects for the real estate market with Rotary

In conjunction with English and Greek speaking Cyprus Rotary Clubs, two presentations 'A review of the Cyprus property market: Changes in demand & Future prospects' will be given by Pavlos Loizou.

Title deeds are key to restoring market confidence

When asked our readers their opinion on the most important factor in getting the Cyprus property market back on its feet, more than half replied that Title Deeds should be readily available on delivery of a property.

VAT and other tax reductions on the table

VAT reductions for first-time home buyers and a suspension of transfer fees are being discussed as part of the Cyprus government's austerity measures to bolster the Island's failing economy.

Austerity measures will add to property industry woes

The austerity package aimed at bolstering the failing economy unveiled by the government last Wednesday will only add to the chronic problems facing the Island's property industry.

Developers association calls for tax review

The Cyprus Land & Building Developers Association has proposed as series of measures, including a tax review, that it believes will help stimulate the Island's beleaguered property industry.

‘The end is nigh’ property firm spreads bank fears

Like thousands of others, I received an email from BuySell's sales director advising me that that keeping cash in the bank is too risky and offering to find me a property bargain.

Government needs to take urgent action

The Cyprus government has been urged to take “decisive steps to eliminate delays related to the issuing of title deeds,” to focus hard on reviving the island’s overseas property sector, and to avoid increasing local property taxes.

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