Property Canvas - Paphos Properties for sale and rent

Property viewing checklist

Selling your property can be a hard thing. So we gathered some usefull things you can do to make the whole process slightly easier. Bedrooms Add some touches to make them feel more homely and keep them tidy. Bathrooms Make sure they are as clean as possible. Open the windows to brighter the space. Kitchen Make the kitchen feel fresh. Add some flowers and some fruits to e...

Buying Off Plan

The island’s property market is experiencing a period of high demand and there isn’t sufficient housing stock to meet that demand. Many people are wary of buying off plan because of well publicised problems in other countries, such as Spain. However, it’s relatively trouble-free in Cyprus and there may be no alternative if you wish to buy a home in a popular a...

Buying a house step by step

Cyprus land law and UK land law and the associated procedures aren’t the same. It’s wise to employ the services of a recommended local lawyer even before you find a property and always before paying any money. This way you can familiarise yourself with procedures and seek general advice to bear in mind while you’re house-hunting. Holding Deposit In many case...

An introduction to buying property in Cyprus

The island has always been a popular location with British buyers, especially retirees, and almost 30,000 of them own homes there, a further 10,000 choosing to rent properties. However, estate agents are now seeing an increased demand from younger people with young families who want to work or start a business. Those who have lived in Cyprus for many years and been used to a s...

How warm weather can help you

Warm weather yields 3 major health benefits According to AccuWeather.com The warmer weather and increased sunlight, resulting in many spending more time outdoors. There are health benefits associated with the increase in temperature and sunlight. After a dark, cold winter for many, the transition to warmer, longer days can be just what the doctor ordered. He...

Discovering Cyprus by car

Cyprus has a very good road infrastructure and more road construction is still in progress or planned. However, the standard of driving is still quite poor. Many road signs, traffic lights and speed limits are ignored. Unfortunately, many foreigners adapt to this style of driving. The speed limits are 50 km/h (31 mph) in built up areas and a maximum of 80 km/h (50 mph) or 100 ...

Public transport in Cyprus

Four different types of bus service can be used to discover Cyprus. Trans-urban buses connect towns whereas rural ones link the villages to bigger cities. Urban buses offer their services within the city. Additionally, there are airport transfer buses that pick you up from the airport. Urban buses have fixed routes every half an hour, but the...

How many estate agents should I use?

When you sell your home, you have to decide how many estate agents you want to use. In particular, should you get one or more to work for you? What you decide will affect how much you pay in fees – and how much you get for your home! The basics You can have one, two or more agents working for you. They can be: sole agent multiple agents Generally, the ...

Internet access in Cyprus

Internet access is available in Cyprus via ADSL, Dial-up and Wireless connections. It is now common for ISPs to offer bundle packages, combining telephone, internet and TV for competitive prices. Cyta (Cyprus Telecommunication Authority) and PrimeTel are the leading service providers on the island. However, competition is emerging from other sources. Cyprus Broadband ...

VAT regulation for villas to let remains unclear

There are many questions which are not answered by the new VAT authority regarding real estate. Residential lets are exempted from the 19% VAT charge, but then this directive goes on to say that if the landlord carries out a business activity, he is most likely responsible for charging it. The 19% VAT charge is high, but if villa/apartment owners let their units out as a busin...

Taxing Airbnb property rental income

The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking to address the problem of tax evasion on rental income received. APPROXIMATELY 20,000 properties in Cyprus are rented via Airbnb and other websites and although some owners are paying tax on the rental income they receive, othe...

Cypriot Economy Expected to Grow by 4.2% in 2018

Hellenic Bank estimates that the Cypriot economy will grow at a rate of 4.2% in 2018. Growth is expected to be supported by private consumption and investment and by an improving and robust labour market. Unemployment is expected to decline to 9.2% in 2018, while inflation to remain at relatively low levels, at around 0.5%. In its Economic Review, the Department of Economic Re...