Real Estate News

On August 20th the Cabinet has decided to release owners of real estate, which cost is less than 5000 euros at 1980 prices, from paying the new tax.

THOSE WHO have yet to pay their Immovable Property Tax (IPT) should scramble to do so before the last deadline Thursday.

The Cyprus government has accepted an offer by the UK to assist in efforts to resolve the title deed and numerous property issues faced by home buyers of all nationalities in Cyprus.

Anyone under the age of 25 who is holding the Permanent Residence Permit (PRP) through the purchase of a property from his/her parents, can continue to be resident of Cyprus after the age of 25 without buying a property.

While Europe and Russia see one of the coldest winter in last years, visitors and residents of Cyprus continue to enjoy the sunny weather.

Cybarco Development LTD introduce you a new project, The Oval.

We are glad to announce that «Relux estates» is located now at new office. Our new address is Christaki Kranou 12, Germasogeia 4041

The property portal The Movechannel.com says that Cyprus moved up for 1 point and got the place fourteen in “The Top of Props” in the March of 2014.

ReLux Estates will attend International Real Estate Investment forum PROEstate 2011 taking place on September 7-9, 2011, 2011, in the LenExpo (103, Bolshoy Prospect of Vasilievsky Island, St. Petersburg)

During the recently held International Association FIABCI Property Congress in Paphos, representatives of official authorities stated their intention to maintain the policy of simplifying the real estate purchasing procedure.

The Cyprus Government discussed the plan to increase taxes for immovable property, however, no decision was reached.

According to official statistics, the number of property sales in Cyprus during the first half of 2011 amounted to 954 million Euros.