Real Estate News
Thaw in Capital restrictions
The authorities of Cyprus have eased the restrictions on capital movement that were brought into use in April 2013 following the bailout step – Reuters.
Limassol took third place amongst the ranking of top destinations on the rise
According to the TripAdvisor, Limassol took third place in the list of the most popular travel destinations «Top 10 Traveler's Choice Destinations on the Rise».
Limassol seafront line will become even more beautiful
Mayor of Limassol, Mr Andreas Christou, announced that the city authorities are trying to get 5 million euros from the EU funds in the period 2014-2020 for the renovation of the city seafront line.
Senvest International LLC - the fourth largest shareholder of Hellenic Bank
Canadian investment fund Senvest International LLC made has recently announced that its share of the Hellenic Bank has increased from 2.62% to 5.03%, which is 364,660,947 shares.
The number of property sales in Cyprus in 2014 grew by 20%
The total number of sales contracts of the real estate has increased by 20% in the year 2014, which made up a total of 4527 properties all together.
In September 2015 Ayia Napa will start to change the coastal zone
Ayia Napa has received an official permission to use 3.5 million of the state budget in order to improve and renovate the coastal zone in the region. Mr. Yannis Karusos, the mayor of Ayia Napa, announced that the city budget will cover 30% of the allocated funds.
On 11 of January the residents of Paphos elected the new mayor
Fedonas Fedonos, the independent candidate who was support by the ruling Democratic Rally (DISY) party, became the new mayor of Paphos.
Aegean Airlines will operate Cyprus Airways’ routes
Aegean Airlines Greece's largest full-service airline, will take air routes previously carried by the bankrupt company Cyprus Airways.
Paphos is the most popular destination amongst Real Estate Investors
According to data produced by Cyprus Economic Intelligence (CEI) Paphos was shown to be the most popular town out of all for foreign investments into the real estate between the years 2010 and 2014.
The construction of the first casino in Cyprus
The Council of Ministers of the Republic of Cyprus has approved a creation of the first legal casino in Cyprus.
Cyprus was ranked 64th with regard to the ease of doing business
According to the recently published The Doing Business Report, which is annually elaborated by the World Bank Group, Cyprus was ranked 64th on the ease of doing business out of 189 countries that were compared in the ranking. The original report can be found on the website of The Doing Business Org.
Tax Break for early payment of IPT
The Cyprus International Financial Services Association has highlighted that those paying the Government their immovable property tax dues before October 31, 2014, ahead of the November 30, 2014, deadline, will receive a 15% discount, TaxNews reports.