Property - Page 21

Higher VAT on smaller homes ‘spells disaster’

A European Union directive to reduce the size of homes entitled to lower 5% VAT has real estate agents and developers in uproar as they claim it will endanger the recovery of

28th June 2022

Cyprus/Property

Quality scorecard for buying property

I am often asked, will adding quality to a project or property make it more valuable? This is not an easy question since it depends on what defines ‘quality’ and whether the

25th June 2022

Comment/Property

Paphos, Limassol property market booming

Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the government ended the disgraced citizenship for investment scheme. The

19th June 2022

Cyprus/Property

Add value to your home by renovating

Homes built 30-40 years ago need improvements to meet today’s standard of living, especially those ‘designer’ houses built to the owner’s specifications. This is particularly important if you want to sell it

18th June 2022

Comment/Property

Wealth gap reshaping property sector

Cyprus’ real estate sector is reinvented by a growing wealth disparity, creating a wider gap among potential buyers for homes and apartments. The trend is set to continue as the economy hits

12th June 2022

Cyprus/Property

Russian sanctions impact real estate market

A journalist from Reuters called our office asking why Cyprus has no strong reaction to the EU sanctions proposed on Russians or Russian companies, banning the purchase of real estate in member

11th June 2022

Comment/Property

Mini boom in real estate buys

Cyprus’ real estate market is experiencing a mini-boom as Cypriots rush to buy property before an increase in building costs takes its toll on the market, and insecurity from the Ukraine war

8th June 2022

Cyprus/Property

Comparing Cyprus rents, unit sizes

Eurostat recently published interesting statistics concerning the rents of housing units in capitals of European countries where Cyprus rents are reasonable. 2021 CURRENT MARKET RENTS Average rent per month given in the

4th June 2022

Comment/Property

Water-saving essential for new builds

Strange as it may seem, the sufficient amount of water impacts the demand and prices of real estate, especially from foreigners who have a choice of country and yet decide to move

21st May 2022

Comment/Property

British Bases deal triggers real estate prospects

Cypriots owning land in non-military areas inside the British Bases can sell or develop their property, following a milestone agreement between Cyprus and the UK. The British Bases are lifting restrictions on

15th May 2022

Cyprus/Property