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Time to Buy Property in Cyprus
The Cyprus Government is gradually working towards simplifying its title deed issuing system.
The 5th PROEstate has become a history
ReLux Estates is pleased to announce our participation in one of the most prestigious International Investment Forum, PROEstates in St. Petersburg, which took place between the 7th-9th of September.
VAT reduced for the purchase of first property.
The Cypriot Government as from 1 October 2011 has introduced a reduced rate of VAT 5% on every acquisition or construction of new residence provided that the residence will be used as the main residence of the purchaser.
Cyprus government abolishes property transfer fees
In a measure to designed stimulate growth in the Island’s property sector by reducing the cost of home ownership, Cypriot MPs unanimously agreed to abolish or reduce Property Transfer Fees at a meeting of the House of Representatives earlier today.
Licence for Polis golf project expected by June
The golf project at Limni in Polis Chrysochous by Limni Resorts & GolfCourses Plc. is expected to have a licence to start the project issued by June according to the local mayor, Angelos Georghiou.
Paschalides ready to sign Ayia Napa marina deal
Earlier today, Antonis Paschalides spoke about a deal for the construction of a marina at Ayia Napa and also urged Paphos businessmen to resolve their differences that are delaying the Paphos marina project.
Amazing bargains to be had in Cyprus
While sales are reportedly down 28% over the last couple of months according to OPP (Overseas Property Professional) the fact still remains that property is being sold with price tags slashed by up to 1/3 from their high value.
Cyprus Union Real Estate appraisers warn people to ...
Cyprus Union Real Estate appraisers warn people to be careful when choosing a specialist in property appraisals.
Russian advice a ‘slap in the face for Turkey’ says minister
AN OFFICIAL Russian Federation warning to its citizens against buying Greek Cypriot properties in the north is a “powerful slap in the face” for Turkey, Foreign Minister Erato Kozakou-Marcoullis said yesterday.
the Cyprus Parliament has amended the current legislation regarding the imposition of VAT on the acquisition of new properties.
Last week, the Cyprus Parliament has amended the current legislation regarding the imposition of VAT on the acquisition of new properties. The current VAT rate was 17%.
New easy citizenship rules for foreign investors.
April 15, 2013 The Ministry of Internal Affairs of Cyprus has decided to grant the Cypriot citizenship under special conditions.
VAT refund information about reducing VAT from 17% to 5%
June 8, 2012 by force of law of the Republic of Cyprus № 73 (1) / 2012, amending the Law on Value Added (VAT law) of 2000, under the new law, from now on the acquisition of real estate not only the citizens of the Republic of Cyprus or the EU and third country nationals will be charged a reduced rate of VAT of 5%...