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MPs table bill to tax Airbnb-style rentals

A bill to regulate and tax the income on short-term Airbnb-style property rentals has been tabled by two MPs and should go before the plenum prior to the parliamentary summer recess.
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Limassol rent price protest

Around 1,000 Limassolians and others are expected to gather outside the Limassol District Administration Offices in Anexartisias Street to protest against the exorbitant rent prices in the town.
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Speeding up issue of Title Deeds

The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe place to buy property by overseas investors.
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Four more high rise buildings in Limassol

Pafilia property developers are planning to build four high rise residential towers in Limassol of 43, 38, 31 and 25 storeys next to Limassol Municipal gardens, the tallest of which will reach 173 metres.
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Cyprus running out of time to reduce NPLs

Pressure is mounting on the Cyprus banks to reduce non-performing loans (NPLs) and proposals put forward by the Finance Ministry could also fix areas in the law affecting the issue of title deeds from indebted developers.
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Cyprus property sales up 29% in May (Update)

The number of property sales in Cyprus continued to rise in May with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with May 2017.
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Another high rise development in Limassol

The Shacolas group is planning to demolish the Debenhams Olympia centre in Limassol to make way for the 197 metre high rise Aura development of luxury apartments that will be the tallest in Cyprus.
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U-turn on crocodile park

The decision by Achna council to withdraw its support for the crocodile park has been greeted with great relief by the local residents who had opposed the park according to reports.
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Cyprus property price rises continue

The RICS Cyprus Property Price Index for Q4 2017 reports price increases for another quarter with significant price rises for houses and apartments in Limassol and Larnaca and offices in Nicosia.
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Help needed to revalue 2 million properties

Approximately two million properties in Cyprus are to be revalued and the Department of Lands and Surveys will soon invite tenders from property appraisers to help with the task.
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A letter to UK Nationals living in Cyprus

British High Commissioner Stephen Lillie has written an open letter to UK nationals living in Cyprus with the latest on negotiations regarding the UK's departure from the European Union.
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Crocodile park back in the news

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 and environmental issues.
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Mixed views on crocodile park

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 put forward by the Israeli firm TSA Crocopark.
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Tax shock for British residents in Cyprus

The revised UK and Cyprus Double Taxation Convention, which was signed on 22 March, could result in higher taxes for some retired British residents in Cyprus whose pensions are paid by the UK Government.
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Crocodile park gets go-ahead

A crocodile park earlier rejected by the Psematismenos and Athienou communities has been given the green light by the Achna Community Council in Famagusta by a majority of council members.
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VAT break for young couples buying land for first home

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 bill submitted to parliament by the government.
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Limassol rent rises spiral upwards

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 locals being priced out of the market.
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Cyprus house prices up 2.7 per cent

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 preliminary estimate by the Statistical Service.
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Cyprus construction NPLs highest in Europe

The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release issued by the European Banking Authority.
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Impressive growth in Cyprus property sales

The impressive growth in Cyprus property sales continued in March with the number of properties sold rising in all districts (with the exception of Famagusta) according to the Department of Lands and Surveys.
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