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Cyprus property news

Cyprus banks taking ‘dramatic measures’ to shift property

The three largest Cypriot banks are taking ‘dramatic measures’ in order to raise enough capital to cover the losses they have suffered as a result of the Greek debt crisis.

Cyprus confirms property tax changes

Changes to Cypriot property law have finally been made to help stimulate sales of new property by abolishing and reducing property transfer fees for a period of 6 months.

Property prices continue to fall in Cyprus

Cypriot property prices have fallen for the sixth consecutive quarter, according to reports from the Central Bank of Cyprus.

VAT reduction agreed by Cypriot parliament

A VAT reduction on new build properties has been agreed by the Cypriot parliament.

Cyprus Retreats affiliate resorts with RCI

Cyprus Retreats today announced that its two resorts Akamas and Alexandria have affiliated with RCI, the global leader in vacation exchange and part of the Wyndham Worldwide family of brands.

Cyprus government considers property tax cuts

As part of the country’s €220 million austerity package, the Cypriot government is considering a series of property tax cuts, it was announced yesterday.

Cyprus seeks to overcome backlog of title deeds

Anyone buying a home in Cyprus will be delighted to learn that the Cypriot government has sped up the issuing title deeds procedure, allowing the authorities to potentially issue up to 1,200 title deeds a month and 25,000 annually, according to the country’s interior minister Neoclis Sylikiotis.

Overseas demand for homes in Cyprus improves

Foreign demand for homes in Cyprus continued to improve last month, with some overseas nationals taking advantage of a poor domestic property sales market and a weak Cypriot economy to negotiate significant discounts on properties.

Developers to deliver new homes in Larnaca

A wide range of new homes will be constructed in Larna over the next few years as parts of a major regeneration scheme.

Low Cyprus property sales may drive down prices

The recent decline in property sales in Cyprus is creating fresh opportunities for prospective purchasers looking to negotiate for a bargain priced home in Cyprus.
 

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