Welcome to Fox Smart Estate Agency news page, here you can view all the latest Cyprus property news from the local experts. So if you want to find our more about the Cyprus real estate industry check out our latest news articles below:
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In a seminar jointly organised by ΚΣΙΑ and ΕΤΕΚ on October 24 the main message was exactly the one in the headline of our article. As we will prove later this is not a figure of speech. The main speakers at the seminar were high-caliber members of state and municipal authorities dealing with real estate issues. The…
View Full Article >Cyprus is a great place to live and is currently an excellent location to sell or let your property too. Just in the first 5 months of 2018 Cyprus saw a 31% increase to 3,612 sales of property compared to 2,767 the year before. Deciding whether to sell or let your property can be a difficult decision as there are many different factors to consider such as your future housing plans, current…
View Full Article >New legislation offers tax breaks to borrowers with Non-Performing Loans (NPLs). Specifically, when they wish to sell mortgaged property to pay off their loans, they can benefit from tax breaks. In the case of an ordinary property sale the state collects taxes in the following ways: .1. The seller pays a 20% capital gains tax on the calculated sales profit. If the seller is considered…
View Full Article >Nicosia is not only the capital of Cyprus, it’s one of the most sought after destinations where many people choose to rent property year on year and we are set to see this number increase before the end of 2018. If the 340 days of sunshine each year isn’t enough to make you want to rent property in Nicosia , knowing that Cyprus is one of the fastest growing sustained rental markets might…
View Full Article >NPLs sale - Will it affect the real estate market? Forecasting the degree to which the sale of Non-Performing Loans (NPLs) will affect the real estate sector is not an easy task. The debate originates from the decision of the Bank of Cyprus to sell 14,024 NPLs to investment funds managed by the international company, Apollo Global Management LLC. The borrowers of the NPLs in the transaction owe around…
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