Mushrooming Limassol towers ‘unsustainable’

LIMASSOL Municipality’s plans to develop public land in the heart of the town has reignited criticism of the authorities over the number of high-rises being built along the coast. Critics argue that plans to build another tall building in an area which has seen its fair share of ‘towers’, will only add to the many […]

Cyprus property market on the up

REAL ESTATE experts believe the Cyprus property market is on the up but are wary that repossessed houses dumped on the market could derail the grassroots of recovery. The House Price Index (HPI) reached 103.98 units for the second quarter of the year, increasing by 0.6% compared to the first three months of 2018. The […]

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 […]

1 2

Compare

Enter your keyword