T. Sarikas - Cyprus Real Estate Blogspot!

A compromise deal has been reached on a reduction in the VAT payable on new homes by first-time buyers. The law will come into effect on 1st October.FOLLOWING a series of proposals, counter proposals, discussions and debates, a compromise

CONSTRUCTION sector revenue dropped by a staggering 70 per cent since 2007; the year it reached €2 billion, according to Michalis Zavos, Vice-President of the Cyprus Association of Business and Building Land Development. Zavos was speaking

A British property developer has been jailed for 10 months in connection with a case involving the development and sale of “illegal” land in Northern Cyprus. Nicosia District Court ruled yesterday that Briton Gary Cobb was guilty of approp

A number of organisations have contacted buyers who have yet to receive Title Deeds for their property offering to apply for their issuance under the recently passed ‘Town Planning Amnesty’ laws.

Buyers advised to take out home loans in Swiss francs to buy property in Cyprus are struggling to repay and face repossession and ruin as exchange rate movements send their mortgage repayments soaring.

The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.

Real estate prices across the island continued to fall during the first quarter of 2011 according to the sixth issue of the RICS Cyprus Property Price Index, with house and apartment prices dropping by an average of 1.6% and 0.9% respectively over the quarter.

A step-by-step guide to the essential elements in the process of buying a house, villa, apartment or land in Cyprus. With information on finding the property and making an offer, mortgages, surveys and property taxes. Financing a Property

Cyprus could increase value added tax in an attempt to keep a lid on its inflated deficit and meet EU commitments to incrementally cut it, Finance Minister Charilaos Stavrakis said on Thursday. An increase in VAT, now at 15%, is one of the