by Houhua | Aug 29, 2024 | Uncategorised
2024 sees record relocation of millionaires seeking favourable tax regimes A significant wave of wealthy individuals is migrating from high-tax countries, a trend expected to peak this year. Many affluent people are leaving countries like the UK, France, and Norway,...
by Houhua | Aug 13, 2024 | Uncategorised
According to the Land Registry, the number of property sales contracts deposited in the first seven month of 2024 reached 9,210 – up 2% from the 9,051 recorded in the same period last year and the highest number recorded since 2008 when 9,385 contracts were...
by Houhua | Jul 25, 2024 | Uncategorised
Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number of housing transactions decreased in 13 out of...
by Houhua | Jul 17, 2024 | Uncategorised
The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 million development initiative by Lanitis Golf Public Co...
by Houhua | Feb 26, 2024 | Uncategorised
The Cabinet has given the green light to implementing the ‘Photovoltaics for All’ scheme, subsidising up to 6,000 homeowners to install solar systems on their roofs, which will be up and running from the end of next month. The subsidy scheme comprises five distinct...
by Houhua | Feb 26, 2024 | Uncategorised
The European Commission has given the nod to the levying of the reduced 5 per cent VAT on first homes in Cyprus, the finance minister revealed on Monday. Makis Keravnos made the remarks to journalists coming out of a courtesy meeting with the new leadership of the...
