Property News

Last week, the Cyprus Parliament has amended the current legislation regarding the imposition of VAT on the acquisition of new properties. The current VAT rate was 17%.

April 15, 2013 The Ministry of Internal Affairs of Cyprus has decided to grant the Cypriot citizenship under special conditions.

June 8, 2012 by force of law of the Republic of Cyprus № 73 (1) / 2012, amending the Law on Value Added (VAT law) of 2000, under the new law, from now on the acquisition of real estate not only the citizens of the Republic of Cyprus or the EU and third country nationals will be charged a reduced rate of VAT of 5%...

THE need to address the title deeds fiasco is more urgent than it has ever been as the troika move in to sort out the banks’ non-performing loan (NPL) portfolios, property experts have said.

Noble Energy will begin drilling for natural gas at a new appraisal well off Cyprus on 07.06.2013

Saturday 16th October 2010 – Leptos Group, the leading property developer in Cyprus, today announced the start of an Eco City project anticipated to generate a gross development value (GDV) in excess of €2.5 billion offering sustainable annual returns to its investors during the 13 year development period. The project...

ReLux Estates will attend the XXIV International Real Estate Exhibition "DOMEKSPO. We invite you to visit our stand (No. F133). We will be glad to see you all!

Cyprus and Qatar signed a contract to build a multimillion-dollar luxurious project, which will include a hotel, business and residential complex with facilities worth $ 150 million in the downtown of the capital of Cyprus, Nicosia. In June 2011, the emir of Qatar, Sheikh Hamad bin Khalifa al-Thani and his son will...

ReLux Estates is pleased to announce our participation in one of the most prestigious International Real Estate Exhibitions, DOMEXPO in Moscow, which took place between the 24th-27th of February.

Due to the continuing unsettled problem of the divided Cyprus and the likelihood of entry of Russian citizens to the north of the island - the territory occupied by Turkey since 1974, and concluding there Russians commercial transactions, including real estate purchase, avoiding the authorities...

In the near future, Cyprus will witness the construction of several high-rise buildings. The latest plan for the revival of the capital Nicosia, as well as the coastal city of Limassol, provides for the construction of several super high buildings.

Cyprus has always been a popular destination among Russians; however, today it acquires a special significance. To own property in Cyprus is becoming more and more prestigious. The island is again in vogue in the Russian elite. Many Famous politicians, businessmen and representatives of the Russian show business...