Cyprus Property News

• Sewerage blocks Title Deeds

  3 days ago CyprusPropertyNews

  After many years of waiting patiently for the Title Deeds to the properties they bought in Cyprus, some purchasers are finding that they cannot...

• Online rented property regulation

  3 days ago CyprusPropertyNews

  PROPOSALS to regulate the licencing of property whose owner rents them online through organisations such as AirBnB have been put before the House...

• Cyprus property: biggest in Europe

  2 weeks ago CyprusPropertyNews

  Did you know that the average size of a Cyprus property is the largest in Europe, while properties in Romania are the smallest according to the...

• Reduce non-performing loans by 40% in 2018

  2 weeks ago CyprusPropertyNews

  The Finance Ministry's 'Stability Programme 2018 – 2021' outlines a three-pronged strategy to address the high levels of non-performing loans...

• Bill to exempt old mortgages from foreclosure

  2 weeks ago CyprusPropertyNews

  Officials from the government and the Cyprus Central Bank have warned that a bill seeking to exempt pre-2014 mortgages from the foreclosure laws...

• Permits for new homes up 12.5 per cent

  2 weeks ago CyprusPropertyNews

  The number of building permits for the construction of new homes in Cyprus rose 12.5 per cent in February 2018 compared to February 2017 providing...

• Crocodile park back in the news

  2 weeks ago CyprusPropertyNews

  The proposed crocodile park at Achna was back in the news this week as the MPs in the House Environment Committee discussed health risks to humans...

• April property sales up 29%

  2 weeks ago CyprusPropertyNews

  Cyprus property sales continued to rise in April with the number of sales contracts deposited at Land Registry Offices across the Republic up 29...

• Mixed views on crocodile park

  3 weeks ago CyprusPropertyNews

  The 500 people who attended a meeting last night to discuss the proposed crocodile park near the Achna reservoir had mixed views on the proposal...

• Tax shock for British residents in Cyprus

  3 weeks ago CyprusPropertyNews

  The revised UK and Cyprus Double Taxation Convention, which was signed on 22 March, could result in higher taxes for some retired British...

• Taxing Airbnb property rental income

  3 weeks ago CyprusPropertyNews

  The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking...

• Residential property prices continue to rise

  3 weeks ago CyprusPropertyNews

  The Cyprus Central Bank reports that the price of residential property in Cyprus (apartments and houses) continued to rise on a quarterly and...

• Crocodile park gets go-ahead

  3 weeks ago CyprusPropertyNews

  A crocodile park earlier rejected by the Psematismenos and Athienou communities has been given the green light by the Achna Community Council in...

• VAT break for young couples buying land for first home

  18-4-2018 CyprusPropertyNews

  Young couples buying land for their first home in Cyprus may only pay 5 per cent VAT on its purchase price rather than 19 per cent under a draft...

• Non-performing loans (NPLs) initiative

  17-4-2018 CyprusPropertyNews

  Following comments from the troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to...

• Limassol rent rises spiral upwards

  15-4-2018 CyprusPropertyNews

  Property rents in Limassol have increased by around 25 per cent over the past two years, much higher than other cities in Cyprus resulting in many...

• Cyprus property revaluations underway

  12-4-2018 CyprusPropertyNews

  Cyprus properties are being revalued by the Department of Lands and Surveys to reflect their 2018 values; the revaluation exercise was announced...

• Cyprus house prices up 2.7 per cent

  12-4-2018 CyprusPropertyNews

  The Cyprus house price index (HPI) rose by 2.7 per cent in the fourth quarter of 2017 and rose 2.4 per cent on an annual basis according to a...

• Cyprus construction NPLs highest in Europe

  10-4-2018 CyprusPropertyNews

  The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release...

• Land Registry & Property Transfer Fees

  6-4-2018 CyprusPropertyNews

  In Cyprus, Property Transfer Fees are the local equivalent of the UK's Stamp Duty Land Tax (SDLT), is a tax that is paid by a purchaser when they...