Cyprus Property News

• Crocodile park gets go-ahead

  2-5-2018 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...

• January new home permits up 25 per cent

  5-4-2018 CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued rose by 24.9 per cent in January 2018 compared to January 2018...

• Impressive growth in Cyprus property sales

  3-4-2018 CyprusPropertyNews

  The impressive growth in Cyprus property sales continued in March with the number of properties sold rising in all districts (with the exception...

• Energy saving grant scheme

  3-4-2018 CyprusPropertyNews

  There are opportunities for those living in Cyprus permanently to increase the energy saving of their homes through the "I Save I Upgrade" grant...

• Sea caves destruction blocked

  1-4-2018 CyprusPropertyNews

  The Cyprus Minister of Agriculture has blocked the building permit for the construction of a five-star hotel, residences and villas with swimming...

• Call to reduce non-performing loans

  31-3-2018 CyprusPropertyNews

  The International Monetary Fund (IMF) has called on the Cypriot authorities to amend the foreclosures and insolvency laws to tackle the very high...

• High-end Cyprus property sales boom

  28-3-2018 CyprusPropertyNews

  PwC Cyprus reports that 260 high-end properties in Cyprus (in excess of €1.5 million) were sold during 2017, which contributed to the wider...

• Peyia sea caves media reports

  25-3-2018 CyprusPropertyNews

  The desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus by the construction of so-called luxury properties, villas...

• Cyprus Property Transfer Fees and VAT

  25-3-2018 CyprusPropertyNews

  MPs in Cyprus are planning to revise Property Transfer Fees and the VAT paid on land sales to eliminate distortions in the Cyprus property market,...

• Call for efficient title deeds system

  24-3-2018 CyprusPropertyNews

  The European Commission and the European Central Bank has called on the Cypriot authorities to establish an efficient title deeds issuance and...

• Limassol in top 100 world cities

  21-3-2018 CyprusPropertyNews

  Limassol is amongst the top 100 cities of the world according in the 'Quality of Living Index' produced by Mercer, one of the world’s largest HR...

• Troika back in Cyprus

  21-3-2018 CyprusPropertyNews

  Representatives from the troika of Cyprus' international lenders, the IMF, EC and the ECB, have been in Cyprus since Monday conducting a fourth...

• Paphos marina decision soon

  21-3-2018 CyprusPropertyNews

  A decision on Paphos marina, which has been stalled by bureaucracy and delayed by legal battles since an initial study was carried out almost 30...