Cyprus in April, the volume of home sales soared by 35%

Cyprus in April, the volume of home sales soared by 35%

Cyprus in April, the volume of home sales soared by 35% In April 2016 the volume of home sales in Cyprus increased by 35% (514 deals) compared to the same period of 2015, according to news portal Cyprus Business Mail , citing d...
Cyprus: in I quarter the volume of housing sales to foreigners has increased by 46%

Cyprus: in I quarter the volume of housing sales to foreigners has increased by 46%

Cyprus: in I quarter the volume of housing sales to foreigners has increased by 46% In I quarter 2016 the volume of real estate sales in Cyprus increased by 24% and amounted to 1 367 transactions compared with the first quarter of 2015. Al...
Banking in Cyprus

Banking in Cyprus

Cyprus’ banking system is modelled on the British system, with banking practices, services and methods of management and control closely resembling those in the UK. The Central Bank of Cyprus regulates, supervises and monitors the co...
Taxation in Cyprus

Taxation in Cyprus

The rate of Capital Gains Tax (CGT) is 20% on the sale of property located in Cyprus. Profits from the sale of shares owned by a company that owns property in Cyprus are also taxed at 20%. CGT is calculated by deducting the cost of purchas...
Cypriot customs and traditions

Cypriot customs and traditions

Cypriots are known for their generosity, friendliness and hospitality and foreigners will love the warm welcome. You will often hear 'Kalos orisate' (Welcome!) and 'Kopiaste’ (Come join us!). Hospitality If you are invited to someon...
Cost of Buying a Property in Cyprus

Cost of Buying a Property in Cyprus

Cyprus has a flourishing property market, particularly since joining the European Union in 2004.  Foreign buyers, especially British retirees, have traditionally been attracted to Cyprus because of the relatively low cost of property ...
Buying property in Cyprus

Buying property in Cyprus

The island has always been a popular location with British buyers, especially retirees, and almost 30,000 of them own homes there, a further 10,000 choosing to rent properties. However, estate agents are now seeing an increased demand from ...
What you should check before buying

What you should check before buying

There are a number of essential checks to be made before you buy a home in Cyprus. These should all be made by your lawyer, but you should be aware of them so that you can ask your lawyer the right questions at the right time. Make sure ...


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