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FSB Properties Ltd.

Avgorou, Famagusta, Cyprus

00 357 9909 3213

info@buycyprusvilla.com

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Property transactions up 18% in July

Property transactions up 18% in July

By Stelios Orphanides The number of properties that changed owners in July rose 18 per cent to 739 compared to the respective month of 2016, the Department of Lands and Surveys said. The increase in property transactions last month reflects an increase in all districts with the exception of Larnaca where they fell an annual […]

Foreign property buyers acquire 543 assets in seven months

Foreign property buyers acquire 543 assets in seven months

By Stelios Orphanides The number of foreign property buyers dropped 8.4 per cent in July to 87 compared with the respective month of 2016, the Department of Lands and Surveys said. From January to July, the total number of real properties that went into hands of non-Cypriots rose 1.2 per cent to 543 compared with […]

Property prices increase significantly according to RICS

Property prices increase significantly according to RICS

Property prices in Cyprus recorded a significant increase in the last quarter of 2016, according to RICS Cyprus. The Property Price Index has recorded increases in almost all cities and asset classes, with significant increases being recorded in Larnaca, Limassol and Nicosia, whilst other cities are progressively bottoming out, RICS said in a new publication […]

Property sales VAT vote postponed until September

Property sales VAT vote postponed until September

The vote for the 19% VAT on immovable property sales has been postponed until September. According to DIKO MP Angelos Votsis, in spite of the stated position of the Legal Service that the law must be voted immediately to avoid EU fines, on Monday it changed its position saying that there is still time to […]

Cyprus one of the top countries for British expats seeking sun

Cyprus one of the top countries for British expats seeking sun

The sun is one of the few things Brits can’t import, no matter how much you are prepared to pay. For that reason, more than 60% of British expats consider the weather at their target destination before moving abroad – 17 percentage points more than the global average of expats worldwide – according to a study […]

Bank contracts for buying property

Bank contracts for buying property

The House of Representatives plenary unanimously voted on Friday two bills into law, thus transposing EU rules into national law on contracts with credit institutions for the purchase of property. The new legislation regulates mortgages which relate to property which will be the residence of the consumer, as well as credit contracts without collateral for […]