homes Archives - Financial Mirror

Impasse over 5% VAT proposal for first homes

Brussels has shot down a compromise proposal on reduced VAT for smaller first homes, tabled by the MPs, ruling it as state aid. The proposal was the latest in a series of

30th May 2023

Cyprus

House U-turn on VAT for homes deal

Cypriot MPs made a U-turn over a compromise on reduced VAT for smaller first homes, backed by the European Commission. MPs increased the total area of the home entitled to reduced VAT

23rd May 2023

Cyprus/Property

Photovoltaics is the smart choice

There is keen interest in installing photovoltaics on roofs or elsewhere, and based on the government’s subsidised programme, PV systems operate by offsetting the electricity produced and consumed. That is, each home

8th April 2023

Comment/Energy

Ministry seeks compromise on VAT home discount

The Finance Ministry seeks a compromise with the House on the thorny issue of reduced VAT for first homes by increasing the property’s value rather than tampering with size criteria. Authorities have

4th April 2023

Cyprus/Property

Retirement homes for the future

For many years in America and now in Europe, the construction of retirement housing complexes has become more bespoke. The relatively recent developments in Spain also show the trends of this new

25th February 2023

Comment/Life & Society

Government sidelines thorny VAT on homes

The Finance Ministry seek to push the thorny issue of finding a compromise on reduced VAT for first homes to the next government after the European Commission’s latest warning against Cyprus over

3rd January 2023

Cyprus/Property

COVID19: Fear for nursing homes as death toll rises

The death toll of COVID-19 in Cyprus continues to rise, as the Health Ministry reported another seven victims in the past week, with nursing homes a focus of concern. It is the

25th November 2022

Cyprus

Home-owning dream turns to nightmare

The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year has made buying a house impossible, with the

22nd October 2022

Cyprus/Property

Heating fuel hike could see homes stay cold

Cypriot households using central heating to keep warm will need around €500 more than last year to heat their homes this winter as fuel prices rise. Pump prices increased by an average

18th October 2022

Cyprus/Energy

Inflation dents home-owning dreams

Hiking inflation is threatening to halt an upward trend in housing loans from Cypriot banks recorded in the past two years, as interest rates are being pushed up. Cyprus bank officials say

11th October 2022

Cyprus

homes

Impasse over 5% VAT proposal for first homes

House U-turn on VAT for homes deal

Photovoltaics is the smart choice

Ministry seeks compromise on VAT home discount

Retirement homes for the future

Government sidelines thorny VAT on homes

COVID19: Fear for nursing homes as death toll rises

Home-owning dream turns to nightmare

Heating fuel hike could see homes stay cold

Inflation dents home-owning dreams

Even Pinnochio couldn’t fix this

State doesn’t take affordable housing seriously

Navigating ‘ridiculous’ new residency rules

Hard sell needed to sway Brussels on shipping

Shipping an ‘invaluable asset’

Stricter rules after ‘consultants’ outrage

May inflation drops to two-year low

Bishop gets 12-month suspended jail term