Essential checks before you buy a property in Cyprus
There are a number of essential checks to be made before you buy a home in Cyprus. These should all be made by your lawyer, but you should be aware of them so that you can ask your lawyer the right questions at the right time.
Make sure that the vendor is the legal owner of the property and that there are no outstanding debts relating to it, such as a mortgage. This is done ...
Cyprus Company Formation
The main steps in establishing a new business in Cyprus are:
Application for approval of a business name (with the Registrar of Companies), at a cost of EUR8.54 for a standard application, or EUR25.63 for an urgent application in 2010
Registration of a company or partnership
Application for a business licence, where necessary
Registration with Cyprus tax...
Cyprus Climate
Cyprus has a pleasant climate with dry summers and mild winters, enjoying about 300 days of sunshine. The rainy season is confined to the period between November and March. In January, the coldest month, minimum and maximum mean temperatures are 6oC and 13oC respectively, while in August, the hottest month, the corresponding minimum and maximum mean temperatures are 21oC and 36...
Taxes are an important consideration when buying in Cyprus
An important consideration when buying a home in Cyprus, whether you’re a resident or non-resident, is taxation, which includes income tax, immovable property tax, capital gains tax, inheritance tax and value added tax. If you live permanently in Cyprus, you will have to pay Cypriot income tax on your worldwide earnings. However, the good news is that tax rates are some o...
Skiing in Cyprus
The impressive Troodos mountain range with its idyllic forests stretches across most of the western side of Cyprus offering a cool sanctuary in the summer and the opportunity for sports in the winter. At the top of the Troodos Mountains one can also find the only Skiing Center in Cyprus. Here, one can take advantage of the pleasures of Winter Sports under the beauti...
Annual Immovable Property Taxes and Fees in Cyprus
Immovable Property Ownership Tax
Until the end of 2016, the registered owner of the property, was liable to an annual Immovable Property Ownership tax calculated on the market value of the property as at 1st of January 1980 (paid by the 30th of September in the year). Immovable Property Tax was payable to the Inland Revenue Department of the Republic of Cyprus. Rates ar...
Landmarks in Paphos that You Have to Visit
Whether you’re planning on renting for a short period of time, or buying a house in Paphos to enjoy the rest of your life – here at DemPro Real Estate in Paphos - Cyprus, we understand just how appealing this beautiful region can be. If you enjoy nothing more than exploring all that a location has to offer, we have an incredible variety of things to see and ...
Selling Your Cyprus Home While the Price is Right
Whatever your reason for wanting to sell your home in Cyprus, from relocating right through to purchasing a bigger property, there’s no better time to do so than right now. According to a recent survey, home prices have gone up by roughly 2%, while the demand for new properties has seen a substantial increase.
This increase is down to many reasons, but one of the...
Selling or Not Selling my property Now?
Selling or Not Selling my property Now?
Meet the experienced and listen to their advice...that's the Best you can do!
Many times we meet with potential property sellers and they ask us more or less the same questions.
“ Is now the right timing of selling my property? ”
“ Is now the property market ideal to promote my property for sale? ”
“ I a...
Why the Property Evaluation Needed
Reasons Why You Need to Apply For a Property Evaluation
You might wonder why you require property evaluation and how much useful will be for the purpose where is needed. Well, the property evaluation has always a high level of significance regardless the reason where is requested for.
Moreover, the purpose varies according to the client’s instructions and needs. I...