homes Archives - Page 2 of 4 - Financial Mirror

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 adapt as circumstances change

In the Special Theory of Relativity, Einstein determined that time is relative—in other words, the rate at which time passes depends on your frame of reference. My grandmother Marina used to tell

4th October 2022

Comment/Property

MPs seek deal on reduced VAT for new homes

MPs seek a compromise on reduced VAT for first homes after the European Commission initiated infringement proceedings against Cyprus over the discount. Green MP Stavros Papadouris has tabled a bill that sees

23rd September 2022

Cyprus/Property

Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs’ concerns and the European Commission, which has initiated infringement proceedings against Cyprus

5th September 2022

Cyprus/Property