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Government of Cyprus, VAT

Update: Cyprus Changing its Regime on Reduced VAT for First Homes

4 April 20236 April 2023Michalis C. Zambartas5%, Cyprus, EU Commission, First home, real estate, Reduced VAT, VAT

In connection to our article “Cyprus Changing its Regime on Reduced VAT for First Homes: an Update” published on 28 March 2023, regarding the reduced VAT regime legislation changes, the
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Property Market Value
Government of Cyprus, Real Estate, Real Estate Law

New Measures to be Implemented to Provide Clarity on Market Value of the Properties in Cyprus

7 December 20228 December 2022Michalis C. ZambartasAssociation of Real Estate Agents, Cyprus, Department of Lands and Surveys, market value, property, property value, real estate

On 06th December 2022, The Council for Registration of Real Estate Agents announced that new measures will be implemented to provide clarity on the market value of the properties in
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Nicosia
Real Estate, Real Estate Law

Recovery of Real Estate Market in Cyprus – Nicosia takes the lead

18 May 202119 May 2021Michalis C. ZambartasCyprus, increase of sales, market, Nicosia, real estate, real estate market, recovery

According to the statistical data “Contract of Sale 2020-2021” published by the Department of Land and Survey, the Pancyprian total number of registered contract of sales for the year 2021
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Cyprus Famagusta
Government, Government of Cyprus, Real Estate Law

Cyprus Government Approves Payment of Contribution of 0,4% on All Real Estate Sales

15 February 202126 March 2021Michalis C. ZambartasContribution, Cyprus, government, Government of Cyprus, Greek Cypriot Refugees, loss of property, real estate, refugees

On February 11, 2021, The House of Representatives of the Republic of Cyprus unanimously passed a Law levying a 0.4% contribution on all immovable property sales in order to support
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Cyprus Real Estate
Citizenship, Immigration, Real Estate Law, Tax Law

Real Estate Transactions in Cyprus During and Post Lockdown

11 September 202011 September 2020Michalis C. ZambartasCyprus, investments, real estate, residency

In accordance with official data released by the Department of Lands and Surveys of the Republic of Cyprus it can be inferred that Covid-19 had a significant effect in real
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Rent Control Law Cyprus
Real Estate Law

Cyprus Amends the Rent Control Law to Ease the Eviction of Tenants

3 February 202024 February 2020Michalis C. ZambartasCyprus, real estate, real estate law, rent, rent control law

The Rent Control Law of 1983 (23/1983) (the “Law”) was amended on the 31st January 2020 in order to ease the legal procedures in the Republic of Cyprus for the
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Recent Posts

  • Antigua and Barbuda Removed from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
  • Deletion of Fines for Failure to Comply with Cyprus Beneficial Owner Registry
  • Confirmation of Beneficial Owner Details in the Beneficial Owner Register
  • Transposition of the EU Mobility Directive into Cyprus Companies Law (Cap. 113)
  • Cyprus Banks Reacting to ECB Interest Rate Cuts

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