Property Canvas - Properties for sale and rent in Paphos

P&O Ferries to register entire English Channel fleet under Cyprus flag

P&O Ferries, the British shipping firm, has decided to register its entire English Channel operating fleet in Cyprus, a company spokesman told the Cyprus News Agency on Friday. The decision follows the initial re-flagging of two of its ships that operate between Dover and Calais, the ‘Pride of Britain’ and the ‘Pride of France’. The other ships on ...

International Friday, 18 January, 2019

Paphos named best value winter sun destination for Brits in 2019

Brits looking to beat the winter blues may want to head to the picturesque shores of Cyprus! The popular holiday spot has been named the best value destination for Brits looking for winter sun in 2019, closely followed by Canary Islands Lanzarote and Tenerife. The research was conducted by the Post Office Travel Money team who looked at factors including the co...

Local Thursday, 10 January, 2019

Estia green light from Brussels, not considered ‘state aid’

The European Commission on Monday approved, under EU state aid rules, Cyprus’ controversial Estia scheme to support private households and small businesses that have encountered difficulties in repaying mortgage loans and risk losing their primary residence. The scheme, which the commission said has an annual budget of around €33 million, sets strict eligibility cri...

Local Thursday, 03 January, 2019

Make sure you read the small print of insurance policies

VERY few people read let alone understand the small print when they take out insurance for property. Even if you insure a building for ‘all purposes’ including acts of God (rain, floods etc) be sure that the insurance company has its back covered to avoid a reduction to your claim. Recent events have come to our knowledge leading us to express the following: Excess...

Business Wednesday, 19 December, 2018

Agreement close on Airbnb type rentals

Agreement on a bill designed to regulate and tax rental income on Airbnb type rentals is close but a key question remains concerning short-term letss of apartments in residential areas. AFTER several weeks of discussion, lawmakers are close to agreeing a bill regulating the operation of short-term Airbnb-style property rentals.The key remaining question related to short-term r...

Business Monday, 10 December, 2018

Paphos Favoured by the Majority of European Buyers and Investors

Paphos is in the lead as the most popular district for overseas buyers especially from Europe and Non-Europeans for the period January- October 2018 by 39.9% in comparison to Limassol which follows with 29.6%.   Larnaca is 3rd with 16.0% and lastly Famagusta with 9.3% and Nicosia with just 5.2%. During the first ten months of 2018, a tot...

Local Wednesday, 28 November, 2018

Christmas present promise for trapped property owners

Parties on Wednesday said they intend to resolve the title deeds mess by Christmas, as ruling Disy chief Averof Neophytou warned banks not to go back on a pledge they had given in July or he will come down on them hard. Back in July, banks pledged not to raise objections to a disputed law in return for the approval of bills making it easier for banks to foreclose on property o...

Local Tuesday, 20 November, 2018

Property Sales up 6% in October

The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017. DURING October 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 6% compared to October 2017 according to official...

Local Wednesday, 14 November, 2018

Pafilia withdraws interest in Paphos marina, calls for new tenders

Pafilia on Friday withdrew its interest in a tender to design, build and operate a Paphos marina. It said that it has complied with all its obligations in the procedure which has dragged on for 10 years, fulfilling all the requirements set by the Committee on the Management of Marina but that the interminable court procedures that still continue have not allowed the tender to ...

Local Saturday, 27 October, 2018

Lower VAT on land bought for primary residence

Purchasers of undeveloped land to build an owner-occupied primary dwelling may soon be able to obtain a partial VAT refund if a bill currently being prepared by government is approved. THE GOVERNMENT is preparing a bill exempting from payment of the full 19 per cent VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling. Cu...

Real Estate Wednesday, 24 October, 2018

Cyprus is officially one of the safest countries in the world

According to a recent ValuePenguin research, Cyprus is one of the safest counties in the world. Out of 106 countries that generate enough data to run a study about the safest countries in the world, Cyprus proudly holds the 5th place worldwide! More amazing is the fact that Cyprus is the No 1 safest place to live and visit among countries that have population u...

International Wednesday, 17 October, 2018

Cyprus house prices rise 0.6 per cent

The Cyprus house price index (HPI) rose by 0.6 per cent in the second quarter of 2018 and by 1.2 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT). THE CYPRUS Statistical Service (CYSTAT) has announced that prices for houses and apartments in Cyprus rose by an average by 0.6 per cent in the second quarter of 2018 compare...

Real Estate Friday, 05 October, 2018