Cyprus Real Estate News

VAT break for young couples buying land for first home (Tue, 17/04/2018 - 19:10)

Story: 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. Read more...

Non-performing loans (NPLs) initiative (Tue, 17/04/2018 - 15:52)

Story: Following comments from the troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws. Read more...

Limassol rent rises spiral upwards (Sun, 15/04/2018 - 14:51)

Story: 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. Read more...

Cyprus property revaluations underway (Thu, 12/04/2018 - 20:55)

Story: Cyprus properties are being revalued by the Department of Lands and Surveys to reflect their 2018 values; the revaluation exercise was announced by DLS Director Andreas Sokratous earlier today. Read more...

Cyprus house prices up 2.7 per cent (Thu, 12/04/2018 - 15:35)

Story: 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. Read more...

Cyprus construction NPLs highest in Europe (Tue, 10/04/2018 - 15:34)

Story: 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. Read more...

Land Registry & Property Transfer Fees (Fri, 06/04/2018 - 15:05)

Story: In Cyprus, Property Transfer Fees are the local equivalent of the UK's Stamp Duty Land Tax (SDLT), is a tax that is paid by a purchaser when they buy property or land; so why are so many people complaining? Read more...

January new home permits up 25 per cent (Thu, 05/04/2018 - 14:57)

Story: The number of new homes in Cyprus for which building permits have been issued rose by 24.9 per cent in January 2018 compared to January 2018 according to the Cyprus Statistical Service. Read more...

Impressive growth in Cyprus property sales (Tue, 03/04/2018 - 21:19)

Story: 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. Read more...

Energy saving grant scheme (Tue, 03/04/2018 - 13:35)

Story: There are opportunities for those living in Cyprus permanently to increase the energy saving of their homes through the "I Save I Upgrade" grant scheme, which is co-funded by the European Union and the Cyprus Government. Read more...