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VAT reduction for first-time home buyers agreed

Friday, 30 September 2011 Category Buyer Resources
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
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Property revenue down 70 per cent in last five years

Friday, 30 September 2011 Category Latest Cyprus Real Estate News
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
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British developer jailed on illegal land charges in Cyprus

Friday, 30 September 2011 Category Latest Cyprus Real Estate News
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
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We will get your Title Deeds for a price

Sunday, 17 July 2011 Category Buyer Resources

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.

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Guilty of tax evasion unless you prove otherwise

Sunday, 17 July 2011 Category Financial Resources

The Land Registry is effectively finding you guilty of tax evasion and defrauding the state of much-needed tax revenues if it inflates the amount you have paid for your property when calculating your property transfer fees.

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Foreign currency mortgages turn sour

Sunday, 17 July 2011 Category Financial Resources

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.

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Market stagnant despite price cuts

Sunday, 17 July 2011 Category Latest Cyprus Real Estate News

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.

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Property prices and rents continue to fall

Friday, 15 July 2011 Category Latest Cyprus Real Estate News

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.

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Buying a House or Property in Cyprus

Friday, 10 June 2011 Category Buyer Resources
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
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Cyprus eyes VAT hike to 16% to plug fiscal gap

Friday, 15 October 2010 Category Financial Resources
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
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Most Popular Posts

Foreign currency mortgages turn sour

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 rat
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European Commission asked to set out what it is doing to sort out property planning and title deed debacle in Cyprus

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Guilty of tax evasion unless you prove otherwise

The Land Registry is effectively finding you guilty of tax evasion and defrauding the state of much-needed tax revenues if it inflates the amount yo
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Cyprus banks tighten lending criteria

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VAT reduction for first-time home buyers agreed

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