Magnificent ecology, the sea and the sun are constant factors in the growth of real estate prices in Cyprus. This market is constantly growing, thanks to which the capital invested in housing is also constantly increasing. It is also necessary to take into account the fact that there is less and less land for development on the island. Accordingly, there are no objective reasons for a decrease in demand.
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Discounts for Immovable Property Tax
The good news however is that this year there are significant discounts as high as 75 per cent.
For those who will settle their IPT ahead of the early-bird deadline, which is October 31, they will get a 75 per cent discount on their due...
Property sales figures in Limassol have grown by 71%
September 2016 was marked by an increase in property deals all across the country. The biggest leap has been observed in Limassol, where the sales surged by 71%, followed by Larnaca (at 42%), Paphos (at 40%) and Nicosia (25%). Famagusta...
Construction sector in Cyprus is growing rapidly
The number of building permits authorised in August 2016 stood at 381 compared with the 312 authorised in August 2015; an increase of 22.1% according to official figures released by the Cyprus Statistical Service. Compared with August...
Property transfer fees halved
Cypriot members of Parliament voted unanimously to cut Property Transfer Fees by 50 percent as part of a wider tax reform package designed to modernise the island’s property tax system and encourage economic activity in the real estate...
Tourism could end the year 5 per cent up, CTO boss says
Tourism arrivals could see a 5 per cent rise by the end of the year, Cyprus Tourism Organisation (CTO) chief Angelos Loizou said after a meeting with troika representatives on Tuesday, the Cyprus News Agency reported.
Britain is ready to give up land on Cyprus bases if the island’s territory will get united
Britain said it was ready to give up nearly half of the territory covered by its two military bases in Cyprus to help smooth a peace settlement between the island's ethnic Greeks and Turks.
The Mall of Cyprus has been sold to a company from South Africa
THE BUILDING which revolutionized the way we shop in Cyprus has been sold to a company from South Africa.An official announcement on the sale of the Mall of Cyprus on the outskirts of Nicosia to the South African company Atterburry is...
Cyprus property sales market has grown over the past year by 15%
According to the Department of Lands & Surveys, it can be noticed that the property market in Cyprus is recovering from the financial banking crisis that has been caused by the liquidation of one of the largest banks on the island Laiki...
RICS Cyprus Property Price Index Q2 2015 Report
RICS Cyprus Property Price Index has released a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and main property...
Bank new working hours
The association of banks has reached an agreement with unions that the new working hours would apply as of August 10, it was announced on Wednesday. The agreement reached on Wednesday provides that from Monday, August 10, banks will...
3 reasons to buy property in Cyprus
Property owned by foreigners in Cyprus is protected by the law
Property rights in Cyprus are strictly respected, therefore there are now reasons to worry about your capital. Even in the event of political changes, the status of investors remains untouchable and is guaranteed by the government.
Owning a house or apartment on an island is not only an indicator of status
Owning a house or apartment on an island is not only an indicator of status. This is an opportunity to diversify investments that help you to get a stable income and be sure that your capital is safe.
Minimum taxes on the sale and acquisition of real estate
In Cyprus, unique taxation conditions have been created to minimize indirect costs. An additional bonus is the possibility of obtaining a residence permit. If you are interested in the possibility of a change in status, we recommend that you study our website or contact managers.