Rise in property sales led by overseas buyers

Rise in property sales led by overseas buyers

October saw the number of property sales in Cyprus to overseas buyers rise by 65% according to official statistics from the Department of Lands & Surveys. Sales increased by 65% compared to October 2016 with sales rising in all districts. In percentage terms, Famagusta led the way with sales increasing by 130%, followed by Paphos, where they rose by 81%. Meanwhile sales in...
International Wednesday, 29 November, 2017
IMF Statement

IMF Statement

In a Concluding Statement following its recent mission to Cyprus, the IMF has made a number of recommendations on real estate including reinstating the annual Immovable Property Tax (IPT), raising transfer fees and streamlining the procedures from issuing and transferring Title Deeds: Policy adjustments may be needed to avoid a potentially unsustainable increase in constructio...
International Tuesday, 17 October, 2017
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