by tyrimos | Jul 19, 2016 | Uncategorized
A proposal on property tax put forward by the DIKO, EDEK, and Solidarity parties has passed in parliament with the support of DISY, Sigma reported on the scene on Thursday. The proposal that was accepted for 2016, says that tax will be estimated at 25% of the prices...
by tyrimos | Jul 19, 2016 | Uncategorized
A new €55 million mall is to be built in Livadia outside Larnaca. The investor team is headed by Israeli Dr. Alex Razz who in 2008 created Limassol’s “MyMall”. The new mall, designed by Cypriot architect Andreas Zodiatis, will be named “Sunny Mall” and according to...
by tyrimos | Jun 12, 2016 | Uncategorized
Property sales in the first five months of this year were up by a substantial 25% compared to the same period of 2015, according to data published by the Land Registry in relation to total property sale contracts submitted to it. A significant increase in the actual...
by tyrimos | May 1, 2016 | Uncategorized
Cyprus Council of Ministers approved on Wednesday the reduction of the immovable property tax rate by 50% and abolished the immovable property tax collected by municipalities and communities. “Today we made another important step towards tax reform and reducing the...
by tyrimos | Mar 12, 2016 | Uncategorized
The Chairman of the Cyprus Land and Building Developers` Association, Pantelis Leptos, has noted the upward trends recorded in the recent months concerning property sales, highlighting the ability of Cyprus’ market to attract foreign investors from many...
