This is another huge leap into the 21st Century for Cyprus. The Performance of Buildings (Energy Certification of Buildings) Regulations come into force in January 2010 and specifies that all properties listed for sale must have a current energy performance certificate, the EPC. The cost of the Energy Performance Certificate is the responsibility of the owner / seller and the certificate must be completed by a EPC qualified engineer here in Cyprus. To meet this demand Fitzgerald's have negotiated with an excellent, qualified [...]

How is capital gains tax determined in Cyprus. The CGT rate is set at 20% of the chargeable gain realized from the sale of a property as adjusted for inflation, certain  lifetime exemptions and other  allowable expenses. The  profit is calculated as the difference between the sale price and the purchase cost less any interest paid on payments (e.g. housing loans) in the course of acquiring the property, the inflation rate as published by the government, services of registered [...]

Buying or selling property in Cyprus is safe.  The property ownership is one the fundamental rights enshrined in the Cyprus Constitution.  The 'Trapped Buyers' issue arose when the middle men, in this case some of Cyprus property developers, decided to build what suited them.   Short on compliance or due diligence,  some developers followed their own agenda and built what they wanted and not was approved on the Building Permit. One of the most punishing laws was the non-issue of [...]

Benefits of Selling Your Property in Cyprus with Fitzgerald’s 1. Consistently achieving 90% Selling Rate within 10 Months 2. About 70 Properties on our books to ensure Effective Management and Maximum Exposure 3. All Local and International Marketing is Free. No Up-Front Costs to Seller. No Sale No Fee 4. Page 1 Search Engine Ranking on Google For Paphos and Cyprus Property 5. World Class High Traffic Web Site. Stunning Bespoke Photography & Presentation of Your Property 6. Google Maps Showing Exact Location of [...]

IIt is important to say that selling property in Cyprus is safe.  The process is very straight forward but inevitably, ‘things are a bit different in Cyprus’ and best left to the experts.  The transfer procedure takes you through various departments that to the uninitiated may seem difficult, inefficient and confusing. On the other hand, it is also important to follow a very strict series of steps to ensure that both the Buyer and the Seller feel secure and [...]