The number of property transactions rose 5 per cent in February to 325 compared to the respective month of 2014, A real estate expert said the increase may be related to the weak euro vis-à-vis the British pound which makes purchases in Cyprus, mainly in coastal areas, more attractive.
Cyprus Mail, March 2015
The finance ministry said it further relaxed capital controls introduced following the March 2013 banking crisis.
Immovable Property Tax (I.P.T)
One of the terms/conditions imposed by the Troika was the general revaluation of all property in Cyprus by the 30.06.2014, and the update of all title deeds with the values as at 1.1.2013, for the purposes of the calculation of the Immovable Property Tax (I.P.T).
'The Times', UK, has published a feature report on Cyprus. The report scans through all the key factors in the country from the citizen's mindset, politics, banks, economy, employment, property market, and many more. One thing that shines through is the absolute confidence that Cyprus is firmly on the road to recovery. It's interesting and revealing and well worth reading.
At Fitzgerald Marketing, we understand that our clients' are unique and we ensure their interests are at the very centre of what we do. We aim to always be ahead of the market with innovative and dynamic solutions that create value for our clients and attract buyers.
Cyprus is on track to exit the adjustment programme before the original deadline of 2016, European Central Bank (ECB) president Mario Draghi said on Wednesday, something which he said was remarkable