cyprus property sales drop

Property sales this year are on the decline with the first two months recording a 7% drop

Property sales this year are on the decline with the first two months recording a 7% drop. Sales in three districts were down with only Nicosia, the capital, and coastal Larnaca maintaining their momentum. But even though coastal Limassol recorded a drop over the first two months of 2020, it still ranks first in sales […]

real estate news

Acquisition of the Cypriot Citizenship by Investment

Acquisition of the Cypriot Citizenship by Investment On the 13th of September 2016 the Ministry of Interior proceeded with the third update in the last three years of the Cyprus Citizenship by investment scheme. The scheme for the acquisition of the Cyprus citizenship by investment is in line with the main economic objectives of Cyprus, […]

cyprus property tax

(IMF) has called on Cyprus to consider reinstating the Immovable Property Tax

The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues. In a Concluding Statement following its recent mission to Cyprus, the IMF has made a number of recommendations on real estate including reinstating the annual Immovable Property […]

paphos villas

Paphos hoteliers concerned over private holiday rentals

PAPHOS hoteliers are again voicing concerns over the unregulated private holiday rental market in Cyprus, highlighting issues of health and safety as a priority. Head of the Paphos hoteliers, Euripides Loizides, said that more must be done to reign in the private market which has seen a surge in popularity over recent years with sites […]