Property News
Property sales record strong growth
Property sales in Cyprus increased for the third consecutive month in May with strong growth recorded in all districts compared to May 2013 according to the latest figures from the Department of Lands and Surveys.
Larnaca project sold to Russian investors
The land on which the Kimon Phinikoudes project in Larnaca is to be built together with its designs has been sold by the Lefkaritis family to a group of Russian investors for an undisclosed sum.
Cypriots believe that life is good
Cypriots confirmed the reputation of one of the most optimistic nations of the Europe. According to a study Cyprobarometer, which was attended by 1,006 people, 9 out of 10 Cypriots satisfied with their lives.
Amazingly, 24% of respondents expressed confidence that the state of the Cyprus economy will improve in the...
Cyprus tax
The country with the most favorable tax regime in Europe is the Republic of Cyprus.. The study was conducted by the consulting firm KPMG and is based on a survey of experts in the field of taxes from more than 400 European companies.
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Special offer for those who would like to spend an unforgettable holiday on the island of love and beauty - in wonderful Cyprus!
Property sales jump
Property sales in March increased 20 percent compared to the corresponding period last year according to official statistics published earlier this week by the Department of Lands and Surveys.
10% off your Immovable Property Tax bill
Registered owners of property who pay their annual Immovable Property Tax for 2013 to the Inland Revenue Department before the 31st August 2013 will receive a 10 per cent discount.
Home buyers may pay IPT before getting Title Deeds
A Cypriot MP has tabled a bill for discussion at the House Finance Committee requiring property buyers to pay Immovable Property Tax even though they do not have the Title Deeds to the property they have purchased.
Possible real estate tax deferral.
Over the coming weeks a draft legislation to extend the deadline for the payment of property taxes until November 15 will be sent to the Cabinet of Ministers. However, the tax rate will remain unchanged.
Landmark Deal
A US-Israeli partnership signed a landmark deal recently to build a liquefied natural gas plant on Cyprus to exploit the island’s untapped energy riches.
Tax Notices - within a few weeks
Property owners (those who have titles where their names indicated) will receive a notification saying that they must to pay the Immovable Property Tax by September 15.