Cyprus News

‘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 [...]

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. [...]

Fantastic News For Property Investors – On the basis of the results of the Passengers Survey, arrivals of tourists reached 421.201 in September 2016 compared to 360.899 in September 2015, recording an increase of 16,7%. September 2016 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. For the period [...]

The number of properties sold in Cyprus during August rose significantly compared to August 2015 according to the latest official figures published by the Department of Lands and Surveys. PROPERTY sales in Cyprus increased by 50 per cent in August compared August last year according to the latest official figures published by the Department of [...]

The Tax Department will start sending Immovable Property Tax demands that will include significant discounts agreed by parliament earlier this year. TAXPAYERS will receive in the next few days their bills for Immovable Property Tax (IPT) which will come with significant reductions, tax department senior official Klelia Papadopoulou said on Wednesday. Speaking to state broadcaster [...]