Property Canvas - Properties for sale and rent in Paphos

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

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

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

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

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

ENERGY SAVING GRANT SCHEME

There are opportunities for those living in Cyprus permanently to increase the energy saving of their homes through the “I Save I Upgrade” grant scheme, which is co-funded by the European Union and the Cyprus Government.ON MARCH 19th  2018 the Ministry of Energy opened the second call for proposals for the grant scheme “I Save I Upgrade” for existin...

Local Monday, 16 April, 2018

Poseidonos Avenue (Paphos) and Others

Paphos is one of the main tourist centres in Cyprus with an operational season almost 12 months and with its existing beds increasing only next year by another 2.000 beds. The centre of the tourist/visitor area is Kato Paphos and especially the seaside road Posseidon avenue. There is not a single visitor who will not walk along the avenue with the top attraction mainly the spa...

Local Tuesday, 20 March, 2018

Strong growth in property sales (Update)

The strong growth in Cyprus property sales continued in February with the number of properties sold rising in all districts (with the exception of Larnaca) according to official figures.  THE DEPARTMENT of Lands and Surveys reports that the number of property sales contracts deposited at Land Registry offices across Cyprus in February 2018 rose 46 per cent compared to Feb...

Local Thursday, 08 March, 2018

Tourist Arrivals Increase by 12.5% in December 2017

On the basis of the results of the Passengers Survey, arrivals of tourists reached 98,924 in December 2017 compared to 87.927 in December 2016, recording an increase of 12.5%. December 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. For the period of January – December 2017 arrivals of tourists totaled 3,652,073 compared...

Local Tuesday, 30 January, 2018