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 […]

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 […]

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