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Legal Matters

EU affordable housing act will crack down on Airbnb

The European Union is preparing to give cities and regions new powers to curb short-term rentals such as Airbnb...
Legal Matters

EU closes infringement case on Cyprus golden passport scheme

The European Commission has officially informed the Republic of Cyprus that it has terminated the infringement proceedings relating to...
Legal Matters

Cyprus MP seeks extension to reduced 5% property VAT

A proposal submitted to the House of Representatives on Thursday seeks a one-year extension to the transitional period during...
Latest News & Updates

Can the EU find solutions to Cyprus’ housing crisis?

Housing has always been a topic of public concern in Cyprus. Today, however, it has transformed from a general...
Latest News & Updates

Cyprus ranks first in EU for bathing water quality

Cyprus has once again secured the top spot in the European Union when it comes to the quality of...
Latest News & Updates

EU probes Cyprus over unfair terms in consumer contracts

Since 2013, the Republic of Cyprus has been under the scrutiny of the European Commission over concerns regarding the...
Articles

Future of golden passport schemes hangs in the balance

Concerns are growing over a possible resurgence of discussions around investor citizenship schemes, following the eagerly awaited ruling on...
Latest News & Updates

House prices and rents went up in Q2 2024

Eurostat reports that in the second quarter of 2024, house prices in the EU increased by 1.9% and rents...
Legal Matters

Cyprus must assess projects impacting Natura 2000 sites

Last Wednesday, the European Commission decided to send a reasoned opinion to Cyprus (INFR(2019)2303) for failing to properly assess...
Legal Matters

Reduced VAT on new homes gets thumbs up from Europe

The European Commission has given the nod to the levying of the reduced 5 per cent VAT on first...
Non-Performing Loans

EC Report for Cyprus analyses the economic situation

The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic...
Legal Matters

Mortgage to rent scheme approaching completion

The government will soon roll out its ‘Mortgage to Rent’ scheme after getting the green light from the European...
Legal Matters

Law on first homes reduced VAT passed

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing...
Legal Matters

Stakes raised in 5% VAT rules fiasco

The European Commission has decided to send a reasoned opinion to Cyprus for its failure to properly apply EU...
Legal Matters

EU rejects proposed VAT cut

The European Commission disagreed with parliament’s compromise proposal over reduced VAT on homes, deputies at the House finance committee...
Legal Matters

House U-turn on first homes VAT deal

Cypriot MPs made a U-turn over a compromise on reduced VAT for smaller first homes, backed by the European...
Legal Matters

EU sceptical over mortgage-to-rent scheme

Brussels may not be keen on greenlighting the Mortgage-to-Rent scheme, the latest lifeline to defaulted borrowers, despite authorities declaring...
Legal Matters

Lawmakers again discuss reduced VAT on homes

Lawmakers on Monday discussed for the umpteenth time the matter of reduced VAT on homes, with reports suggesting the...
Legal Matters

EU extends deadline to change property VAT laws

Lawmakers on Monday revisited the issue of reduced VAT on homes, with some trying to instil a sense of...
Legal Matters

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on...
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