News

Property prices in Cyprus increased in the fourth quarter of 2017, as recorded by the the thirty-third publication of RICS’ Cyprus Property Price Index, released Tuesday. According to a press release, across Cyprus, residential prices for both houses and flats increased on a quarterly basis by 0.8% and 1.4% respectively, with the biggest increase recorded in…

Cyprus property sales continued to rise in April with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with April 2017  THE NUMBER of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during April 2018 rose 23 per cent compared to…

One of the pillars of the partnership between Cyprus and Russia is the substantial cooperation in the economic field, Ambassador of the Russian Federation in Nicosia, Stanislav Osadchiy, has said, addressing a conference on ‘The future of Russian business in Cyprus’, that took place on Thursday in Limassol.   Noting that the two countries have common cultural and…

Property rents in Limassol have increased by around 25 per cent over the past two years, much higher than other cities in Cyprus resulting in many locals being priced out of the market. RENTS in Limassol have gone up by around 25 per cent in under two years, way higher than other cities in Cyprus…

MPs in Cyprus are planning to revise Property Transfer Fees and the VAT paid on land sales to eliminate distortions in the Cyprus property market, which they believe is adversely impacting competition.   LAWMAKERS in Cyprus plan to draft a bill aiming to eliminate a distortion where certain buyers of real estate must pay Property Transfer…

Limassol is amongst the top 100 cities of the world according in the ‘Quality of Living Index’ produced by Mercer, one of the world’s largest HR consultancy firms, that evaluated local living conditions in more than 450 cities.  ACCORDING to a survey conducted by Mercer, Limassol is one of the top 100 cities in the…