Real Estate & Company News

RICS is an independent and self-regulated professional body established in 1968 that serves the public interest by setting and upholding global professional standards of excellence and integrity in land, property and construction.

As many as 118.000 property professionals around the world are accredited by RICS and recognise by their MRICS or FRICS designation. RICS plays important role in providing market and professional intelligence to members, including clear education, training, standards and leadership roles.  

We are proud to be members of this professional body which regulate and quittance the qualitative, consistent and professional valuation. 

Τα αποτελέσματα της 22ης έκδοσης του Δείκτη Τιμών Ακινήτων του RICS (Royal Institution of Chartered Surveyors) Κύπρου, που καταρτίζεται σε συνεργασία με τον Σύνδεσμο Επιστημόνων Επιμετρητών Οικονομολόγων Κατασκευών Κύπρου (ΣΕΕΟKΚ) και τον Σύνδεσμο Επιστημόνων Εκτιμητών Ακινήτων Κύπρου (ΣΕΕΑΚ), δόθηκαν σήμερα στη δημοσιότητα. http://www.rics.org/cy/news/news-insight/press-releases/cppi-q1-2015/ 

Our office working hours are:
Monday to Friday: 08:00 - 13:00 & 16:00 - 19:00
Saturday to Sunday: Closed

We remain at your disposal by telephone at 00357 99-674547,00357 99-692060

Εφαρμογή Διεθνούς Προτύπου Μέτρησης Ακινήτων στην Κύπρο

Ένα νέο πρότυπο που θα φέρει διαφάνεια και συνέπεια στην παγκόσμια αγορά ακινήτων, το Διεθνές Πρότυπο Μέτρησης Ακινήτου (IPMS) φιλοδοξούμε να υιοθετήσουμε και στη χώρα μας, μετά από πρωτοβουλία του RICS Κύπρου.

To νέο αυτό πρότυπο είναι αποτέλεσμα παγκόσμιων προσπαθειών, από πολλούς οργανισμούς, για τη διαμόρφωση μιας ενιαίας μεθόδου μέτρησης ακινήτων και θα αντικαταστήσει δεκάδες υπάρχοντα πρότυπα που χρησιμοποιούνταν ανά τον κόσμο.  http://www.rics.org/cy/news/news-insight/press-releases/code-of-measuring-practice-cyprus/

Transfer fees: in Cyprus Immovable property is subject to a transfer fee based on the sale price approved by Land Office as follows: 

1. €1- €85,430 => 3%percent,
2. from €85,431 to €170,860 => 5%
3. Any price above €170,860 => 8%

Capital Gains Tax: a rate of 20% is payable on profit made from the disposal of immovable property.

1. The first €17,560 is exempt for each person (once only).
2. If the immovable properties disposes is dwelling house and has been accommodated continuously form the owner for the last five years, he is entitled to €85,430 exemption.

Immovable Property Tax: Any immovable property whose value exceeds €120.000 (market value as at 10.01.1980) is subject to tax. Certain immovable properties are exempt.

Stamp duty: 1.5% per thousand up to the value of €170,560 and rate of 2% per any additional thousand. Efficient period to deposit the contract in the Land Registry is 30 days from the contract signing.

Local Authorities taxes: minor taxes may impose for sewage; refuse collection and other communal utilities. These fesses are varying according to the property size.