Archive for Category: Property News

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Cyprus Government Look to Amend AIF Legislation to Attract Foreign Investment

The Cyprus House finance committee discussed a bill submitted by the government designed to attract foreign investment into the housing market on the island. There have been recent plans to clarify and streamline regulations regarding AIFs (Alternative Investment Funds) which in turn harbour a more competitive environment. The bill...

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Cyprus Property Law: Why Are Some Homeowners Charged Transfer Fees & Some Aren’t?

Cyprus MPs have released plans to draft a bill aiming to remove bias within the Cyprus courts whereby some purchasers of real estate within the Republic are subject to property transfer fees while others seem to be exempt. The reasoning for the convoluted laws is due to VAT payment,...

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Cyprus Property Demand on the Continued Rise: Risk of Property Bubble?

Asked recently about the rapid growth of high-rise apartments and building ventures in Limassol, the Chief of the Department of Lands & Surveys in Cyprus stressed that the only concern is whether the high demand will create another property bubble as history repeats itself. The Chief also stipulated that...

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Cyprus Passport For Investment Scheme Under Fire Once Again

Cyprus Immigration Attourney Dimitri Dimitriades, working in the field of the Cyprus citizenship by Investment Scheme has spoken out defending the controversial programme which has raised an approximate €5 billion euros in investment into the Cyprus property market and economy. While political rapport has been strained with Russia and...

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