News
Overseas sales of Cyprus property up 50pc
Overseas sales of Cypriot property rose more than 50 per cent in February 2017, despite overall transactions dropping. The island’s housing market has been steadily improving in the last year, after being heavily hit by the financial crisis, with international sales...
November property sales up 46 per cent
he number of property sales in Cyprus continued their upward trend in November with sales rising by 46 per cent compared to November 2015 according to official figures from the Department of Lands and Surveys.THE DEPARTMENT of Lands and Surveys reported a 46 per cent...
October property sales rise 37 per cent in Cyprus
The number of property sales in Cyprus continued their upward trend in October with sales rising by 37 per cent compared to October 2015 according to official figures from the Department of Lands and Surveys. During October a total of 634 contracts for the sale of...
The Government of Cyprus reduced investment threshold for the citizenship
The Government of Cyprus has reduced the minimum amount of investment in real estate to obtain the citizenship of the country from 2.5 million to 2 million euros. New rules for obtaining Cypriot citizenship through investment will come into force November 1, 2016. In...
Cyprus: The new construction is gaining momentum
High demand for Cyprus housing stimulates the growth of the construction sector. There are new projects that can meet the demand of buyers with different budgets, says an international professional organization portal Overseas Property Professional. It is noted that...
Foreign buyers driving property recovery
The recovery in the Cyprus property market is being driven by foreign purchasers and is expected to gradually push up prices according to the Chairman of the Cyprus Real Estate Agents Association. CYPRIOTS’ interest in the property market remains low, unlike...
Immovable Property Tax discounts
The Tax Department will start sending Immovable Property Tax demands today that will include significant discounts agreed by parliament earlier this year of 75 per cent if they settle their account by 31 October. TAXPAYERS will receive in the next few days their bills...
Property sales in Cyprus are growing
In July 2016, foreigners bought 191 real estate in Cyprus, according to the Land Department of the country. In general, the sale of real estate on the island this month increased significantly over the same period last year, but most of the transactions accounted for...