Confronted with pushback from MPs and developing sector stakeholders, the govt on Monday agreed to – yet again – rethink sections of a bill offering for reduced VAT on to start with houses. The issue relates to new legislation drafted by the government that aims to uncover the sweet spot in between community issues and …
A European Union directive to reduce the size of properties entitled to lower 5% VAT has genuine estate agents and builders in uproar as they claim it will endanger the restoration of the development sector and the financial state. According to a recent EU directive, member states must introduce legislation of 5% VAT on households …
Higher VAT on scaled-down properties ‘spells disaster’ Read More »
A Cypriot passport ranks in fourteenth spot out of 227 nations around the world throughout the world, in accordance to the Henley Passport Index for 2022. The Index is the original, authoritative rating of all the world’s passports according to the selection of locations their holders can entry without the need of a prior visa. …
Cyprus pensioners eyeing a retirement home in Cyprus may well have to rethink their plans, as changes proposed by the governing administration on granting home permits to non-EU nationals elevate the bar for newcomer retirees by €130,000. Amid a surge of desire from retirees from the Cyprus, Israel and Germany, real estate stakeholders in coastal …
Cyprus is to toss another lifeline to distressed debtors to assistance them preserve their residences subsequent its ESTIA plan for harmful mortgages, which unsuccessful to cover all candidates. This time, the Finance Ministry is making ready to launch a property finance loan-to-hire plan aiming to bail out borrowers with a first dwelling or an SME …
Citizens of Pissouri on Thursday pleaded with MPs to assistance with mounting difficulties as a consequence of continuing landslides in the area, including the banks coming just after them. They sought assistance so that a decision can be requested from the banks for all individuals impacted by the Pissouri landslides in terms of amenities for …
Eurostat information reveals that in 2020, 17.5% of the EU populace lived in more than-crowded households. I.e., they did not have a enough range of rooms for the quantity of people in the residence, their relatives scenario and their ages. Absence of space in overcrowding households is amplified by acquiring young children enjoying in the …
The 12 months-on-year costs for all design materials rose by 21.81 for every cent from May possibly 2021 to Could 2022, in accordance to the Cyprus Statistical Company a small decline from the 24.54 for every cent raise recorded in April. The cost will increase make it more durable for the construction and genuine estate …
Tiny once-a-year slide in building product prices Read More »
Serious estate brokers in Limassol and Paphos are reporting the optimum need from international potential buyers and Cypriots for residences due to the fact 2020 when the governing administration ended the disgraced citizenship for expenditure scheme. The growth is amid a worldwide crisis, with the war in Ukraine raging and sanctions hitting Russian buyers, who …
The condition has no obligation for rockslides on personal plots, the interior ministry reiterated on Friday, a working day immediately after MPs and the Aglandjia mayor plead for money aid to clean up particles following these slides around to homes. The ministry was referring to the situation of rockslides at a residential place in Aglandjia …
Ministry passes the buck on Aglandjia rockslides Read More »
