News

Developers: A blow to buyers any increase in VAT on real estate

31.01.2022 According to the Association of Land Management and Construction Entrepreneurs, a bill being promoted in Parliament to amend the Value Added Tax Law to introduce a reduced VAT rate..

Real Estate: 7Q Investment-Landbank Analytics Strategic Partnership

31.01.2022 Landbank Analytics and 7Q Investment Group announce a strategic partnership to implement a smart real estate market analysis tool powered by Landbank Analytics for the benefit of 7Q clients...

BidX1 launches the first catalog for 2022

31.01.2022 BidX1, the leading online real estate investment platform, announces the first official auction of 2022 to be held on February 23, 2022 on its platform. It offers users accessibility,..

Land Registry: May the new general estimate of two million properties

31.01.2022 The decision that a new Total Valuation of approximately 2,000,000 properties throughout Cyprus at prices as of January 1, 2021 “may be published before the end of May 2022”..

Tips from the Land Registry to avoid co-ownership

31.01.2022 Tips on how to avoid indivisible joint ownership, i.e. joint ownership, gives the Department of Lands and Surveys in its prospectus. In particular, the Land Registry notes that joint..

Moody’s: High indebtedness limits Cypriot banks’ growth potential

31.01.2022 According to credit agency Moody's, Cyprus' high total debt continues to limit the growth potential of local banks and increase economic vulnerabilities, which negatively affects the creditworthiness of banks...

Suppression of minority rights

31.01.2022 The purpose of registering a company with more than one member is to combine financial resources, experience and business skills in pursuit of profit maximization for the benefit of..

Lagarde to visit Cyprus on March 29

31.01.2022 The President of the European Central Bank, Christine Lagarde, will visit Cyprus on March 29 at the invitation of the Governor of the Central Bank of Cyprus, Konstantinos Herodotus...

The regeneration of Paphos centre

31.01.2022 Anthony Loizou, FRICS After an initial visit to the central Paphos area which was being rebuilt in 2016, we visited the project again during the Christmas holidays. Admittedly, very..

Possible change in VAT on new dwellings

30.01.2022 Cyprus allows a reduced VAT rate of 5% on the first 200 square meters of housing used by the beneficiary as the main and permanent residence, without any other..

Kedipes state aid repayments hit €570mln

29.01.2022 State-owned asset management company Kedipes announced on Friday that it paid out €60 million in state aid in the fourth quarter of last year, with state aid payments reaching..

Deposits jump by €3.3 billion, loans down by €1.9 billion in 2021

28.01.2022 Deposits in the banking system of Cyprus at the end of 2021 amounted to 51.52 billion euros, an increase of 3.31 billion euros compared to December 2020, according to..

KEDIPES’ cash inflow at the highest level since the COVID-19 pandemic

28.01.2022 State-owned asset management company KEDIPES reported a cash inflow of €115.5 million in the fourth quarter of 2021, the highest level since the start of the COVID-19 pandemic. The..

Altamira: Week of plots with opportunities in Plati, Strovolos and Agios Athanasios

27.01.2022 The public is interested in new opportunities that can be found in Altamira Real Estate's weekly newsletter. In addition to the options for new houses and apartments on the..

NPLs down by €32 million at the end of October

26.01.2022 The total stock of non-performing loans (NPL) in the Cyprus banking sector decreased by 32 million euros at the end of October 2021 compared to the previous month, when..

Relocation of public real estate on the investment map

25.01.2022 Despite the dangers and constant challenges associated with the persistence of the pandemic crisis at home and in the world, the Cypriot economy, with its high resilience and impressive..

M. Hatzipanagiotou: The first phase of the Trilogy is completed in 2022

25.01.2022 Michalis Hatzipanagiotou, CEO of Cybarco and President of the Pan-Cyprus Association of Real Estate and Construction Entrepreneurs, is optimistic about the development of the property sector in Cyprus as..

2021, the starting point of a new era for the D. Zavos Group – 2022, the continuation

25.01.2022 In 2021, new foundations were laid for the D. Zavos Group. The completion of important projects and the reaction in the investment market have become decisive indicators for the..

Decree to prohibit illegal real estate practice

24.01.2022 It is illegal to act as a real estate agent without being registered and licensed, and a board of real estate agents may apply to the court for an..

Flats push up property prices

24.01.2022 In Cyprus, annual residential property prices continued to rise by 1.2% in the third quarter of 2021, mainly due to the purchase of apartments. This is evidenced by the..

Cyprus property prices go up due to strong apartment demand

22.01.2022 Property prices in Cyprus rose in the third quarter of 2021, according to a report from the Central Bank of Cyprus released on Friday. According to the central bank's..

Soaring building costs shackle recovery

21.01.2022 The property and construction sectors of Cyprus are under stress due to the skyrocketing prices of building materials, making it difficult to recover from the pandemic and the abandonment..

Central Bank and Bank Employees’ Union signed collective agreement

20.01.2022 On Thursday, a new collective agreement was signed between the Central Bank of Cyprus (CBC) and ETYK, the Bankers' Union. The agreement allows for the restructuring of the organizational..

Price Index of Construction Materials increases by 17.1% in Dec.

20.01.2022 According to the Statistical Office of Cyprus, the price index for building materials in December 2021 increased by 17.1% compared to December 2020 and reached 119.66 units (2015 base..

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