Cyprus Property News

Cyprus property tax change introduced to boost market activity

by Ray Clancy on December 8, 2011

Changes made to property law in an aim to stimulate sales

Changes to property law on Cyprus that take effect this month means that fees will be reduced on property transfers for the next six months.

In a move aimed at stimulating sales on the Mediterranean island the reduction will only apply to the first sale of a property where the contract is dated and deposited within the timeframe. [click to continue…]

{ 0 comments }

Thumbnail image for Development and tourism boost for Cyprus

Development and tourism boost for Cyprus

May 27, 2011

The announcement that Larnaca is set to embark on new multi million pound development plans spells good news for the future of Cyprus’s tourism industry, it is claimed. Some 15 projects are planned to take place over the next five years including a 900 berth marina, renovation of the Piale Pashia coastal road, a pedestrian [...]

Read the full article →
Thumbnail image for Foreign property buyers seeking out bargains

Foreign property buyers seeking out bargains

May 20, 2011

Cyprus is regaining its appeal as a target for UK buyers looking for a home in warmer climes with Spain and Turkey also gaining interest, according to a new survey. In contrast, Australia, New Zealand and Canada have seen declines in interest from potential purchasers, reflecting the weakness of sterling against those currencies, the survey [...]

Read the full article →
Thumbnail image for Property sales keep falling in Cyprus despite price falls, figures show

Property sales keep falling in Cyprus despite price falls, figures show

October 26, 2010

After a promising start to the year property sales in Cyprus are now falling further and are expected to going moving down for the rest of 2010. In the first six months of the year sales had moved up as prices fell. Sales to non-foreign buyers increased by 26.8% compared to the first six months [...]

Read the full article →
Thumbnail image for European Commission asked to set out what it is doing to sort out property planning and title deed debacle in Cyprus

European Commission asked to set out what it is doing to sort out property planning and title deed debacle in Cyprus

August 18, 2010

The Cyprus government is coming under further pressure at a political level to sort out the country’s long running real estate title deed saga. As a direct result of complaints from people in his constituency in the south west of England, Ashley Fox, MEP for the South West of England and Gibraltar, has raised a [...]

Read the full article →
Thumbnail image for Technical group calls for illegal property in Cyprus to be demolished

Technical group calls for illegal property in Cyprus to be demolished

July 5, 2010

Technical advisors are calling for the Cyprus government to demolish illegally built properties that are unlikely to be approved under the new planning amnesty. As part of its plan to sort out the decades long title deed and illegal building situation the government has set up a process where illegal developments can be regularised. But the Cyprus Scientific and [...]

Read the full article →
Thumbnail image for British couple win compensation from Cyprus lawyer over dream property fiasco

British couple win compensation from Cyprus lawyer over dream property fiasco

April 28, 2010

A Cyprus lawyer has been ordered by judges to pay €120,000 compensation to a British couple after his negligence meant they lost money on buying their dream property on the Mediterranean island. The landmark ruling in the Supreme Court of Cyprus could result in a flood of similar claims as it has set a precedent and overcome [...]

Read the full article →
Thumbnail image for Real estate sales in Cyprus rise slightly but overseas buyers still staying away, latest figures show

Real estate sales in Cyprus rise slightly but overseas buyers still staying away, latest figures show

April 20, 2010

Property sales in Cyprus are edging upwards, according to the latest official figures to be published but foreign buyers are still staying away from the Mediterranean island that was once one of the most popular destinations for overseas investors. Sales climbed 37% in March compared with the same month in 2009, according to the figures from the Department [...]

Read the full article →
Thumbnail image for Overseas buyers continue to shun Cyprus property markets, latest figures show

Overseas buyers continue to shun Cyprus property markets, latest figures show

March 18, 2010

The property market in Cyprus is still failing to attract foreign buyers with even price cuts of up to 30% being offered by some developers failing to result in sales to overseas customers. The latest figures from the Department of Lands and Surveys show that 146 property contracts for foreign buyers were deposited last month compared with [...]

Read the full article →
Thumbnail image for New campaign starts in Cyprus to force developers to reveal extent of debts in title deeds scandal

New campaign starts in Cyprus to force developers to reveal extent of debts in title deeds scandal

November 26, 2009

Campaigners in Cyprus are to hold a series of demonstrations aimed at trying to force the banks to reveal details of mortgages taken out by property developers at the heart of the title deeds scandal. Tens of thousands of owners and real estate investors on the Mediterranean island don’t have legal titles because developers mortgaged the land to [...]

Read the full article →
Thumbnail image for Property sales to foreign investors fall by 76% in Cyprus

Property sales to foreign investors fall by 76% in Cyprus

November 10, 2009

The number of properties sold in Cyprus has declined dramatically so far in 2009 especially to foreign buyers, the latest statistics show. Sales of real estate to foreigners have gone down an astonishing 76%, the figures from the Land Registry show. Sales to Cypriots are also down by 28% in the first ten months of this year. Overall [...]

Read the full article →

← Previous Entries