Buying property in Cyprus, a familiar tale of woe
Purchasing property in Cyprus could very well qualify as an extreme sport.
The property pages of newspapers may well be full of reports proclaiming 2025 as being the strongest year for ...
Housing plan relaunched with enhanced criteria for young couples
The housing plan offering financial assistance to young couples under 41 has been relaunched with improved criteria, Interior Minister Constantinos Ioannou announced on Wednesday. Following a cabinet meeting, Ioannou explained that ...
Tax department crackdown on homeowners receiving reduced VAT
Officials from the tax department are set to crack down on homeowners who benefit from VAT reductions while renting out their property through AirBnB and Booking.com, it emerged on ...
Reduced VAT on first homes passed into law (Updated)
By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate of 5 per cent levied on first ...
Cyprus has two months to address VAT shortcomings
The European Commission on Thursday called on Cyprus to comply with the EU VAT rules for dwellings.
The Commission decided to send a reasoned opinion to Cyprus for its failure ...
2,810 foreign nationals bought real estate in the north last year
Last year the ‘cabinet’ in the north granted permits for the purchase of real estate to 2,810 foreign nationals, while during the first three months of 2023 alone about 1,000 such permits were ...
Discounted VAT on first homes discussed again in parliament
Parliamentarians on Monday again discussed a government bill on discounted VAT on first homes, with some expressing the hope the legislation would – finally – go to the House plenum for a ...
Protecting your property
Cyprus is considered a safe country, perhaps the safest country in the EU. The importance placed on security, however, when it comes to the real estate market has been rising. ...
Over two thirds of Cypriots live in homes they own
Around 70 per cent of Europeans lived in homes they owned in 2020 while the rest lived in rented housing, according to a Eurostat study published on Thursday.
The numbers for Cyprus, 68.6 ...