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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:

Click here to view our Greek news articles

  • TITLE DEEDS: LET’S NOT DESTROY THE FOREST TO SAVE A TREE

    Published on 1st September 2015

    Instead of the government taking radical steps to solve the root of a problem it is happy to resort only to half measures to fix some of the old problems. We are referring to the bill tabled by the government to protect trapped real estate buyers. Let it be clear that we support the content of such a bill, to protect those who have or are willing to fulfill their obligations towards developers but…

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  • CITY BUILDINGS A SIGHT TO AVOID

    Published on 19th August 2015

      City buildings in Cyprus are in such a bad state that one is better off not looking at them. Many buildings have never been maintained, this resulting in an unacceptable state of affairs both in the sector of security as well as aesthetics, in almost all town areas. The result is that both people residing in these buildings as well as neighbours have to put up with this chaos.    …

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  • THE NUMBERS ARE PROMISING BUT HAVE WE CHANGED ATTITUDE?

    Published on 20th July 2015

    Short-term economic indicators and the economy as such might be improving but if we are not vigilant the next economic mishap might catch us off guard and develop into a full-blown crisis. The real estate sector is problem-ridden. It might be wise that from now on we adopt the successful practices of other countries and change our state tactics to replicate them. We should seriously consider starting…

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  • PRESIDENTIAL ANNOUNCEMENTS ABOUT PROPERTY TAXES DISAPPOINTING

    Published on 6th July 2015

    It was with some relief that we heard President Anastasiades’ announcement of measures for the real estate sector. Unfortunately though, the tax breaks and incentives offered, come too little and hopefully not too late. We have not yet had access to the relevant bills and have to base our views on the announcements made by officials. Let us take the example of the abolition of the Capital Gains…

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  • REAL ESTATE TAX RESTRUCTURING A MUST

    Published on 25th June 2015

    Each and every property in Cyprus is taxed three times: at acquisition, while it is being held and on its sale. It is a well-known fact that in Cyprus, properties are heavily taxed when they are sold or bought and they draw a negative comparison with what is the norm in other European countries. It is also well known that the holding property tax was considered reasonable to low up to 2011, but when…

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