properties Archives - Financial Mirror

Buying older properties makes financial sense

Increasing construction costs, the limited supply of suitable units in residential or central areas, VAT, and the lack of title deeds have turned the market’s interest in acquiring older homes. In most

9th September 2023

Comment/Property

Abuse clamp down on Turkish Cypriot properties

Measures to end the mismanagement of Turkish Cypriot properties were announced by the Interior Ministry on Monday following mounting claims of abuse, costing the state millions. The ministry announced the measures following

17th July 2023

Cyprus

Properties worth millions registered ‘zero value’

Expensive properties are sold for millions of euros but are recorded as having zero value with the Land Registry, meaning the state is missing out on sizeable tax revenues, according to opposition

31st March 2023

Cyprus/Property

€17 bln of properties sold in five years

Property sales worth €17 bln have been recorded by the Land Registry since 2018, with 2022 being the best year, according to the latest data. The value of the property sold between

18th January 2023

Cyprus/Economy

Reduce VAT on rented properties

In recent years residential rents have shown a noticeable increase, especially those in the town centres, with special regard to those close to universities and colleges. Rents are determined in a free

18th December 2021

Comment/Property

Invest in sprucing up older properties

Homes that are 20-40 years old might need improvements to meet today’s living standards, especially those built to the owner’s specifications and likes. This is particularly important if you plan to sell

18th July 2021

Comment/Property

Buying properties acquired by banks or investment funds

By Niki Tsivitanou After 2015, many properties passed into bank ownership, mainly through debt-to-asset swaps or foreclosures. Subsequently, some were acquired by credit acquiring companies, and, in the near future, more are

25th March 2021

Comment/Property

Cash-in on refitting older properties

As new units are increasing in their sales price, so is the difference between old and new property values. If one is to compare the values of new apartments directed primarily towards

14th November 2020

Comment/Property