In May 2024 according to European Environment Agency, Cyprus was top ranked with the highest share of excellent bathing waters in Europe. This signifies that Cyprus bathing waters met the European Union’s top bathing quality standards in 2023. Limassol the last few years experienced a very rapid growth. The area developed in the sea side of...
According to the new Law 172(Ι0/2022 all Sellers of properties as of the 18/11/2022 are paying a special tax of 0.04% on the sale price of the property. The tax is imposed on the sale price according to the Sales Agreement. The Seller must pay the said tax at the Tax Department before the transfer...
As soon as a buyer pays advance payment according to the signed Sales Agreement, he/she has the right according to the Sale of Land (Specific Performance) Law No. 81(I)/2011 to deposit the Sales Agreement at the Department of Lands and Surveys (DLS) in which the property is situated within the specified time limit (6 months...
