The Art of Investment During Uncertain Times

The Art of Investment During Uncertain Times

Michael Bolliger, who heads the emerging markets asset allocation team at the UBS Chief Investment Office in Zurich, was in Cyprus earlier this month. During his stay he spoke exclusively to GOLD. The April issue of UBS Global Wealth Management report notes that investors are worried about “the next recession”, which suggests that it is inevitable. Is this what you...
Real Estate Wednesday, 24 July, 2019
Trapped buyers law changes discussed

Trapped buyers law changes discussed

A bill aimed at improving the 2015 trapped buyers law, which was successfully contested by the banks as being unconstitutional in the lower courts is being discussed by the House Legal Affairs Committee. House Legal Affairs Committee members on Wednesday began discussing a bill that aims to amend and improve the 2015 trapped buyers law concerning thousands of home buyers in Cy...
Real Estate Tuesday, 23 July, 2019
Cyprus property sales at eleven year high

Cyprus property sales at eleven year high

Cyprus property sales in April reached the highest monthly figure recorded since September 2008 following a 61 per cent surge according to official figures from the Department of Lands and Surveys. APRIL saw a sharp rise in Cyprus property sales compared to the numbers sold in the corresponding month last year, with the number of contracts deposited at Land Registry offices up...
Real Estate Tuesday, 04 June, 2019
Cyprus real estate investment: prospects & risks

Cyprus real estate investment: prospects & risks

The figures, trends and the state of the Cyprus real estate market over the last few years are a clear indication that Cyprus is becoming more and more interesting for property investors. When it comes to investing in real estate, the Cypriot market is considered to be an increasingly attractive investment destination, which has been gaining more and more importance over the p...
Real Estate Tuesday, 16 April, 2019
Sharp rise in property sales in February

Sharp rise in property sales in February

February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.  During February 2019, the number of property sales contracts deposited at Land Registry office across the Republic of Cyprus rose 25% compared to February 2018 according to official f...
Real Estate Saturday, 16 March, 2019
Property sales continue to rise

Property sales continue to rise

The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surveys.  Cyprus property sales continued to rise in January, with the number of sales contracts deposited at Land Registry offices in the Republic rising by 10 per cent compared ...
Real Estate Saturday, 09 February, 2019
Paphos Has the Lead in Sales to Overseas Property Buyers in 2018

Paphos Has the Lead in Sales to Overseas Property Buyers in 2018

The area of Paphos, one of the most beautiful regions in the Mediterranean, has once again come out on top for attracting the majority of European and Non-European buyers and entrepreneurs. The town of Paphos and the entire picturesque province is the safest and most secure area on the Island, where one can live, work and holiday. Paphos had the lead in purchase...
Real Estate Monday, 28 January, 2019
Lower VAT on land bought for primary residence

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 house prices rise 0.6 per cent

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
Bill to tax Airbnb rents to go to plenum

Bill to tax Airbnb rents to go to plenum

A bill designed to regulate and tax the rental income on an estimated 40,000 short term Airbnb style properties in Cyprus should be presented at a plenary session of the Cyprus parliament within the next two weeks.  A BILL regulating and taxing the income on short-term Airbnb-style property rentals should go to the plenum within a fortnight, lawmakers said on Tuesday.&nbs...
Real Estate Thursday, 13 September, 2018
Green light for Limni Golf Resort

Green light for Limni Golf Resort

plans to build a multi-Euro golf course and resort complex at Limni at Polis Chrysochous have been approved after the latest environmental study that found the plans fully met environmental laws and recommendations of the European Commission. After years of effort and submission of a series of special studies, Cyprus Limni Resorts and Golf Courses Plc announced that it has fin...
Real Estate Friday, 17 August, 2018
Paphos high-rise resort gets off the ground

Paphos high-rise resort gets off the ground

The town planning department has approved building permit to construct two 12-storey high-rise buildings and 122 apartments at Geroskipou in Paphos as part of the Peninsula Resort project.  A proposed €3.4 billion resort development project in Geroskipou, Paphos has been given the go ahead with building permits issued to construct two 12-storey high-rises with a tota...
Real Estate Monday, 30 July, 2018
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