Property Canvas - Properties for sale and rent in Paphos

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

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