telCall on 00357 99115897 8AM to 6PM
Property in Cyprus 
недвижимость на кипре
CN

Cyprus Property News

My Cyprus Resales

Cyprus property news.

We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

Cyprus lifestyle news.

With everything from the status of road work in Paphos to the opening of new shops and general economic news – you will find Cyprus lifestyle news a good read.

Our twitter page.

When it comes to social media we really do prefer twitter. We try to make our tweets not just a list of what we have for sale, but more a reflection of Cyprus life with a fun and sometimes ironic twist. FOLLOW US NOW!

Keep up to DateRegister Today

Cyprus Property News

Capital Controls in Cyprus are lifted on Monday 6th April 2015.

Date: 06/04/15

Over 2 years after being introduced the last of the capital controls imposed by the Central Bank of Cyprus are lifted today on Monday 6th.


While those who have lost money in the banking crisis that engulfed Cyprus in 2013 will never forget such experience, the lifting of capital controls on money moving out of Cyprus is welcome good news.  It clearly shows that the financial sector is well on its way to recovery.

From a Cyprus property point of view gone will be the two values of Euro deposits in Cyprus. For the past years “Fresh Funds”, i.e. Euros “freshly” transferred from abroad, held a considerable advantage with sellers over “Old Funds” or Euros that where subject to capital controls. As monetary transactions are becoming much easier and more transparent the local buyers are now able to purse properties on an equal footing with foreign buyers. This in turn creates even more completion for great value resale properties with title deeds.
<< Back to News
 
 
Get in touch Close

Innovative mobile solutions for your Smartphone

phones
Innovative mobile solutions for your Smartphone

iPhone / Ipad
Simply tap the + icon at the bottom of your screen then 'Add to Home Screen'

Android
Install the app by clicking here. You will then be able to access the application from your application screen.
Get in touch Close
7, Tombs Of the Kings Ave,
Paphos, Cyprus

+357 99115897

info@cyprusresaleproperties.com