Travel to Cyprus

Archive for December, 2011

Lawyers inCyprus- Review – Transfer tax and VAT

The new proposals for the abolishment ofCyprusproperty transfer tax for at least a period of 6 months is not looking good I am afraid to say.

We recently reported how the government were looking at ways to help theCyprusproperty markets and investors and the proposal was to abolishe transfer tax for a certain period until a permanent legislation was put in place.  Or for those who paid VAT a reduction of 50% on transfer tax would be applicable.

However, theCyprusPresident is not at all impressed and looking at it from a financial point of view for the country on a whole he feels that the country would lose a very large amount in revenue and it would make very little difference to the property market.  Definitely not enough of difference to be able to recuperate the amount of money the government will lose.

The VAT issue still stands whereby VAT will be reduced to 5% but there are also catches to this benefit as in the fact that the remaining 10% VAT has to be reclaimed after the sale and providing you fulfil the criteria for the rebate.

It was very touch and go with regards to the transfer tax issue with the government being under so much pressure from the EU to lower the country’s deficit within the EU timeframe and with Greece’s situation and the EU on a whole, of course the President is looking at all ways to bring in funds not give away funds.

It is not certain as yet what will happen on this subject however the Presidents opinion is for the proposal to be rejected therefore we are of the opinion whatever will happen will not happen quite as quickly as many would have liked!

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 20TH NOVEMBER 2011.

Famagusta Lawyers – Review – Energy costs affecting Christmas

We have Christmas round the corner once again and sorry to say this year may not be so bright and festive. Why is this?….simply because the cost of energy in Cyprus will make many companies and households think twice about using such high amounts of power.

How sad have things become here that we are now having to cut down on Chrsitamd lights to save on electric bills.

On the good side citizens are also taking into consideration the energy saving factor not just relating to financial costs but also to the general energy saving issue. Especially after the Mari blast explosion.
Many municipalities are only decorating main buildings and many road sides will not be decorated as per usual. Many new types of energy saving lights have been bought. And some municipalities will have time restrictions.
Its a sad state of affairs when Chrsitams comes around and we have to think about energy costs instead of the festive season to be had. But thats how it is folks with regards to the electric here. Every mistake thats made comes to us through our electric bills.

Evem after Chrsitamd we are expecting another increase in energy costs thats a great start for the new year.

Wecan over come this by buying low consumption lighting and having them the lights on at the most convenient times of the day when they will be the most visable.
Many business owners are weary that not lighting up their business will drop the level of Chrsitmad spirit hence drop the level in comsumer activity.
This is a fact of life we just have to deal with at the moment until the government and departments get their house in order!
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 19TH NOVEMBER 2011.

Cyprus Property Lawyers – Review – Agia Napa Cultural places to visit

Agia Napa has so much culture on offer it is very easy to get lost in the party atmosphere. It is very true that Agia Napa is the party capital of Cyprus having many bars and clubs and also many dining venues to choose from.  But if you put that aside and have a good look around there are many very beautiful and wonderful places of culture to visit.

Let’s take a look at the unique and very well preserved Agia Napa Monastery.  The Monastery is situated right next to theAgia Napa Squarefamous for the night life but during the day time it is very peaceful and although it is not used as a place of worship anymore, it is very well taken care of and open for the public to visit.

The monastery is so pretty you have to see for yourself and you get such a feeling of history and peace once inside the Monastery even for the heavy clubbers we feel this is the case! The central court yard is surrounded by delightful buildings and a small and wonderful chapel.  Many newly married couples come here to have their wedding photos taken as the scenery is so exquisite.

It really is a must visit for everyone on their trip to the East Coast.  Also prominent in Agia Napa is the delightful harbour a little walk down from the Monastery.  The harbour boasts many traditional fish taverns and other restaurants and tourist shops.  There are pedestrian walkways around the harbour that is home to many of the local fisherman’s boating vessels and themed cruise ships that take visitors on trips frequently throughout the day.  Totally a must see for all ages.

Also Agia Napa is home to the Thalassa museum.  TheThalassaMuseumis a hi-tech modern building boasting three floors of years and years ofCyprushistory and cultural monuments. The main attraction is the ship known as the Kyrenia II a copy of the original ship built in 302BC.  It is set out as it was found shipwrecked in 1967 on theCyprusshores. You can see this shipwreck from many angles and even stand on a glass floor and look down on to it. There are many many ancient artefacts to see and this is another must see on your visit to the East Coast of Cyprus.

Put one day aside from out beautiful coastlines …. And see the trueCyprusit really will be a worth while memory!

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 23RD NOVEMBER 2011.

This property is ideally set near Pyrgos on an elevated position with views to the sea. With a 1600 Sq Mtrs plot size and a covered area of 240 Sq Mtrs. Outside there is a well laid landscaped garden area with swimming pool ( 10 X 5 ) and a private well. Inside is a large Kitchen diner and separate utility room and a massive lounge area with feature fire place set at the heart. Up the granite staircase to four good sized double bedrooms, master bedroom being en-suite. An excellent property all round in superb condition and ready to move in. Very competitively priced so contact us today for an early appointment. Pyrgos Villa RU РУССКИЕ SV SVENSKA AR العربية

A massive villa boasting huge spaces and grand features both inside and out.Benefitting from central heating and airconditioning throughout, balconies all round.This property set in the mountains is a real retreat to peace and tranquility. Further details are available on request. Moniatis Villa RU РУССКИЕ SV SVENSKA AR العربية

This is great semi detached house in new clean area. Building is built in 2007. House has been built by one of the best developers in Cyprus and they have outstanding quality. This is two-bedroom house; master bedroom has bathroom and good size balcony. Large living room with separate kitchen. The garden has been professionally landscaped as well as a covered parking area. The property is in excellent condition throughout, fully split level air-conditioned. Realistically priced this property will sell fast. Covered area 170sqm. Plot size 210sqm. Moutagiaka House RU РУССКИЕ SV SVENSKA AR العربية

This apartment is situated in a sought after area of the Limassol Tourist Area, only meters from the Sea with private allocated parking. This 150sqm 2 bedroom apartment is on the second floor of the building enjoying good sea views. The property has been partly renovated but would require a new kitchen as the existing one is dated. The property has laminate flooring and central heating throughout. More pictures on request. We highly recommend a viewing of this bargain apartment. Apartment Germasogeia RU РУССКИЕ SV SVENSKA AR العربية

This detached property in need of renovation is situated in an elevated position offering magnificent views over the village and the mountains. The property can either be used as one large property or two totally separate large apartments. The land having a building density of 90% allows the new owners to build a pool and even a second large property. This property need to be seen so its potential can be fully appreciated. Arakapas Village House RU РУССКИЕ SV SVENSKA AR العربية

This recently completed fully furnished two bedroom apartment offers excellent value for money. The property is situated in one of the most sought after areas of Limassol, comprising of two large bedrooms, open plan kitchen diner, bathroom, large veranda, living room, covered parking, storage area, Italian kitchen, modern furniture and more. This property also offers a communal pool with a separate pool for the children as well as 2000m2 of mature gardens. The covered area is 84m2 plus 14m2 of veranda. The price is all inclusive. More pictures are of course available. Apartment Germasogeia RU РУССКИЕ SV SVENSKA AR العربية

New Cyprus Rentals Website Announcement

Property Rentals in Cyprus a new website for property rentals has been launched. The first listings uploaded on the website are in Famagusta, Paralimni. The rental properties that can be searched for are apartments, townhouses, shops and villas. http://www.propertyrentalsincyprus.com/