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Cyprus Property Transfer Fees and VAT

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, which they believe is adversely impacting competition. LAWMAKERS in Cyprus plan to draft a bill aiming to eliminate a distortion where certain buyers of real estate must pay Property Transfer…

Limassol in Top 100 Cities

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 consultancy firms, that evaluated local living conditions in more than 450 cities. ACCORDING to a survey conducted by Mercer, Limassol is one of the top 100 cities in the…

Strong Growth in Property Sales

The strong growth in Cyprus property sales continued in February with the number of properties sold rising in all districts (with the exception of Larnaca) according to official figures. The Department of Lands and Surveys reports that the number of property sales contracts deposited at Land Registry offices across Cyprus in February 2018 rose 46…

Pancake Day at Home

Every year, we look forward to this day. Pancake Day (Shrove Tuesday) is synonymous with joy in our home and quite truthfully, we think every day should be pancake day! We are cooking up a storm here and making batches for later (as one does…obviously).  In the meantime, let us share a selection of fantastic…

Paralimni marina contracts signed

Contracts for the construction of the Paralimni marina have been signed; with an estimated capacity of 300 vessels and at a cost of €110 million, the marina is expected to be fully operational by mid-2021. ENERGY Minister Giorgos Lakkotrypis, investor PMV Maritime Holdings and the Paralimni municipality on Monday signed contracts for the building of…

Legal viewing for Cypriot consumers

Have you been watching illegal television channels? WHEN hundreds of television sets in Cyprus went blank, people first wondered what it was that went wrong. Perhaps they checked their innocuous device that so cheaply allowed them to view hundreds of channels they technically hadn’t paid for. Others had already seen the news on January 9…

Budget Homes in Cyprus

The time has come when you’ve finally decided to bite the bullet and buy your home…in Cyprus. Whether you are relocating for a lifestyle change or simply looking for a holiday home, buying your home away doesn’t have to be difficult, nor does it have to break the bank! You’ve been thinking about it for…

Home Prices Up Says Cyprus Central Bank

Home prices in Cyprus (houses and apartments) recorded a quarter-on-quarter increase of 0.5 per cent in the second quarter of 2017 according to the Cyprus Central Bank’s latest Residential Property Price Indices. Apartment prices Compared with the first quarter of 2016, apartment prices in Larnaca fell by 1.1% and by 1.0% in Paphos. However in…

Breast Cancer Awareness Event

On Saturday 18th November 2017, the Aphrodite Hills Retreat Spa are organising a Breast Cancer Awareness Day. By attending the event you will raise money for the non-profit organisation Europa Donna. A Gynaecological Health Day is also on offer at the Evangelismos Aphrodite Hills Hotel Medical Clinic.              

Immovable Property Tax Re-introduction?

  The International Monetary Fund (IMF) has released its ” Statement of the 2017 Article IV Mission “. All indications portray a positive outlook for Cyprus and with GDP growth at 3.6% compared to the same period last year the IMF has made several recommendations to ensure the growth is sustainable. One recommendation is the…

Paphos – Best City to Buy!

Paphos has been identified as the best city to buy a summer holiday home abroad by credit eligibility firm TotallyMoney. According to Mortgage Introducer website, TotallyMoney rated destinations based on average property price, temperature, the number of rainfall days, English proficiency, the daily number of flights, the average flight cost, the number of amenities (bars,…

Blevins Franks Seminar

  Pension news and opportunities The seminar will review pension legislation and the options available to you today, including increased transfer values and QROPS. Should you invest now? The seminar will look at the current investment climate and outlook, and discuss strategies for successful long-term investing. Elysium Hotel, PAPHOS Tuesday, 7th November 10.30 for 11am…

Aphrodite Hills Golf – PGA Status

Aphrodite Hills Golf, PGA National, Cyprus is elevating the standards of all golf lover’s vocation Aphrodite Hills Resort is delighted to announce that the 18-hole Championship Golf Course has attained the highest standard recognition in Golf, the PGA National, Cyprus. The course, designed to a world-class standard, is undergoing a €2.5m investment upgrade and complete…

Market Review 2016 / 2017

‘Business not as usual’ Political events towards the end of 2016 have brought about unprecedented uncertainty as we approach the property selling season of 2017. 2016 Last year was positive for the Cyprus economy and the property market with a number of factors that enhanced Cyprus’ standing internationally and helped tourism and property sales. In…

Cyprus Property Taxes in 2017

There have been a number of changes to various property taxes in Cyprus in recent times and a summary of the impact of those changes for individuals with property on the island are summarised below. RECENT changes to property taxes in Cyprus will benefit both those who have purchased property and those planning to purchase….

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