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Latest News & Updates

VAT on building plots from January 2009

We have just learnt that the EU does not intend to grant Cyprus a further postponement regarding the introduction...
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Cyprus property loans surge

ACCORDING to figures released on Tuesday, property loans have surged by 33%. The loan portfolios of the Cyprus banks...
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Cyprus property market: crisis expands

A new StockWatch survey among twenty developers and real estate agents carried out last week shows that the crisis...
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Cyprus Title Deed scandal reported by Overseas Property Professional

In its latest issue, the Overseas Property Professional (OPP) magazine published an article about the Title Deed scandals experienced...
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Cyprus developers ‘strangled by red tape’

PAPHOS property developers are pleading with the government to cut through the tangle of red tape that they say...
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Tax revenues plummet as property boom ends

THE Cyprus Inland Revenue Department has released details of total tax revenues collected during the first 5 months of...
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VAT delay on Cyprus land

Cyprus' Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a...
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Cyprus bank eases loan restrictions

THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from...
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Property protest during President Christofias London visit

Expatriate property buyers frustrated by the inept Cypriot judicial system are to protest at London's Alexandra Palace on May...
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Sylikiotis wants to halt Cyprus house price increases

THE election campaign slogan of newly elected President Demitris Christofias for a "just society" passes mainly through his Ministry,...
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Loan financing further reduced for Cyprus property buyers

THE Central Bank of Cyprus has stepped in once again to reduce loan financing for those buying property in...
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Paphos property sold for 66 million

According to Stockwatch Ltd, KEO has sold its property at the Tombs of the Kings in Paphos to a...
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Property developers move in

LAND developers are showing an interest in the Pyrgos Tylliria area, now that the prospect of the Limnitis checkpoint...
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New Cyprus president elected

LEFT-WING Cypriot leader Demetris Christofias has won the presidential election, defeating rival right-winger Ioannis Kasoulides. In a victory speech, he...
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Cyprus president ousted

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Cyprus government rakes in cash from property boom

STATE coffers enjoyed a 142 per cent increase in Capital Gains Tax in 2007, mainly as a result of...
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Property Tax Here to Stay – Sarris

THE government turned down calls to slash property taxes amid findings that a staggering £241 m flowed into state...
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Apartment Pools Blur Lines between Public and Private

THE INTERIOR Ministry yesterday said they are in the process of drafting a slight change to the law governing public swimming pools on the island of Cyprus.
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Cyprus Warns Foreign Companies to Refrain from Land Deals in North

INTERIOR Minister Neo?lis Silikiotis said that companies which engage in illegal sale or purchase of Greek Cypriot properties in...
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We Cannot Mess with the Environment with Impunity

THE TORRENTIAL rain that has hit the Paphos district several times over the past few weeks has caused a...
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