Cyprus hotels pushing for Airbnb legislation

Cyprus hotels pushing for Airbnb legislation

Cyprus hotels pushing for Airbnb legislation The Cyprus Hotel Association is pressing MPs to pass a bill regulating Airbnb type rentals that has been on the table for nearly a year to combat what hoteliers consider as unfair competition. HOTELIERS are pressing for legislation to be introduced that would regulate tourist accommodation booked via sites like Airbnb, as they deem ...
Local Monday, 08 April, 2019
Amavi: Cyprus’ First Couples-Only Hotel Opens its Doors

Amavi: Cyprus’ First Couples-Only Hotel Opens its Doors

Kanika Hotels & Resorts, one of Cyprus’ leading hotel groups, now celebrates the addition of the highly-anticipated luxurious 5-star Amavi hotel.  Carving out novel territory as the first custom designed couples-only hotel on the sun-kissed island, the idyllic Amavi stands proud as the flagship of Kanika’s Made for TwoTM brand. As such, it heralds a brand-...
Local Thursday, 28 March, 2019
Paphos named best value winter sun destination for Brits in 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’

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
Paphos Favoured by the Majority of European Buyers and Investors

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

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

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 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
Applications from Golden visa providers changes

Applications from Golden visa providers changes

As from July 31st golden visa applications will only be accepted from providers that have registered with the scheme’s supervisory body and who have signed up to a code of conduct. THE MINISTRY of finance said Friday that a committee for the supervision and control of the government’s citizenship-by-investment (Golden Visa) programme will start accepting applicatio...
Local Thursday, 26 July, 2018
Tourism Revenue Rises between January - April

Tourism Revenue Rises between January - April

Revenue from tourism decreased in the fourth month of 2018 but showed an increase in the first months of the year, as Cystat, the Statistical Service of Cyprus, reported on Wednesday 11 July. On the basis of the results of the Passenger Survey, revenue from tourism reached €181.4 mn in April 2018 compared to €189.6 mn in the corresponding month of the previous year, ...
Local Thursday, 12 July, 2018
High-rise developments coming to Paphos

High-rise developments coming to Paphos

The Paphos Municipality has given the green light for the construction of two twenty storey high-rise buildings in the tourist area of the town on land close to the Aloe Hotel on Poseidonos Avenue.  THE PAPHOS Municipality’s Town Planning Committee of the Paphos Municipality has given the green light for permits to be issued for the construction of two 20-storey hig...
Local Monday, 02 July, 2018
VAT break for young couples buying land for first home

VAT break for young couples buying land for first home

Young couples buying land for their first home in Cyprus may only pay 5 per cent VAT on its purchase price rather than 19 per cent under a draft bill submitted to parliament by the government. THE GOVERNMENT has submitted a draft bill to parliament indirectly exempting from payment of 19 per cent VAT young couples who buy land for the purpose of building a primary residence. ...
Local Tuesday, 24 April, 2018
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