Cyprus Property News

• Property sales recovery strengthens

  15-7-2016 CyprusPropertyNews

  Property sales in Cyprus increased in June 2016 compared to the same period last year, according to official statistics published by the...

• Immovable Property Tax 2016

  14-7-2016 CyprusPropertyNews

  The Cyprus parliament has agreed that Immovable Property Tax for 2016 will be based on 1980 values but reduced by 75 per cent on the amount paid...

• Cyprus home prices fall 3.4 per cent

  12-7-2016 CyprusPropertyNews

  The Cyprus Statistical Service (CYSTAT) reported that the price of houses in Cyprus fell 3.4 per cent in the first quarter of 2016 in the first...

• Property tax farce

  8-7-2016 CyprusPropertyNews

  The Cyprus government has changed its proposal regarding Immovable Property Tax because, according to media reports, municipalities have already...

• Banks highly exposed to construction sector

  8-7-2016 CyprusPropertyNews

  The Cyprus Central Bank reports that banks are highly exposed to the construction sector in its "Household and Non-Financial Corporations...

• April building permits up 30 per cent

  7-7-2016 CyprusPropertyNews

  The number of building permits authorised by the municipal authorities and the district administration offices during April 2016 stood at 437...

• Cyprus property prices recovering

  4-7-2016 CyprusPropertyNews

  The RICS Cyprus Property Price Index for Q1 2016 reports increases in almost all districts and property types, with significant increases...

• Broken promises over Pissouri land slippage

  3-7-2016 CyprusPropertyNews

  In an open letter to the Cyprus Minister of the Interior Socratis Hasikos a Pissouri resident asks why the Minister has failed to keep the...

• MEP questions Title Deed costs

  3-7-2016 CyprusPropertyNews

  Daniel Dalton, MEP for the West Midlands, raised a question in the European Commission relating to the costs of obtaining Title Deeds in cases...

• Aristo settles Bank of Cyprus debt

  2-7-2016 CyprusPropertyNews

  Aristo Developers has reached an agreement with the Bank of Cyprus to repay its debts, leaving the company with approximately €443 million of...

• Over 306,000 to pay Immovable Property Tax

  1-7-2016 CyprusPropertyNews

  If the Cyprus parliament passes the proposed changes to Immovable Property Tax the government expects to collect €44.4 million from more than...

• Property tax reform discussions continue

  27-6-2016 CyprusPropertyNews

  Discussions on major reforms of the Cyprus property tax system continued today with Finance Minister Harris Georgiades urging MPs to pass...

• Little interest in Cyprus property auctions

  27-6-2016 CyprusPropertyNews

  The auctions by the Bank of Cyprus of ten properties valued in excess of €2.3 million got underway last week with just three of the seven plots in...

• Keep calm and carry on, expats urged

  26-6-2016 CyprusPropertyNews

  British expats in Cyprus have been advised to keep calm and carry on following Thursday's BREXIT vote that has left many of them fearful of what...

• Property tax reform discussions underway

  23-6-2016 CyprusPropertyNews

  Discussions on major reforms of the Cyprus property tax system designed to improve the fairness of the tax burden and to increase the efficiency...

• Marina for Kiti

  18-6-2016 CyprusPropertyNews

  A marina on the southern coast of Cyprus between the villages of Kiti and Mazotos is under study and has the potential to bring large numbers of...

• Confusion over Cyprus property values

  18-6-2016 CyprusPropertyNews

  While the European Commission contends that Cyprus properties are overvalued by 5 per cent, the European Central Bank considers they are...

• Debt-to-asset swaps distort property sales

  18-6-2016 CyprusPropertyNews

  Although property sales in Cyprus appear to have increased by 25 per cent during the first five months of 2016, the numbers include debt-to-asset...

• March building permits up 5 per cent

  11-6-2016 CyprusPropertyNews

  The number of building permits authorised by the municipal authorities and the district administration offices during March 2016 stood at 485...

• More help for trapped buyers

  7-6-2016 CyprusPropertyNews

  Further help for trapped buyers is provided by a Ministerial decree enabling Certificates of Approval to be issued for residential properties that...

• Cyprus property sales continue to rise

  4-6-2016 CyprusPropertyNews

  Property sales in Cyprus continued their upward trend in May 2016 compared to the same period last year, according to official statistics...

• Immovable Property Tax slashed

  2-6-2016 CyprusPropertyNews

  Yesterday the Council of Ministers approved a 50 per cent reduction in the Immovable Property Tax rate and put an end to the property tax...

• Lawyers’ price-fixing challenged in EC

  31-5-2016 CyprusPropertyNews

  A formal complaint concerning price-fixing of lawyers' fees in Cyprus has been submitted to the European Commission on behalf of George Lambis...

• First five debt relief orders

  27-5-2016 CyprusPropertyNews

  The Insolvency Service announced on Friday the issuance of the first five debt relief orders, for debts up to €25,000 following a number of...

• Property sales recovery underway?

  25-5-2016 CyprusPropertyNews

  Property sales in Cyprus increased in April 2016 compared to the same period last year, according to official statistics published by the...