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April - August 2017 - Questions & Answers on Cyprus Property Issues
Antonis Loizou & Associates
Mr Loizou responds to Q&A on various real estate matters in Cyprus. Send you Questions to
November 2016 - March 2017 - Questions & Answers on Cyprus Property Issues
Antonis Loizou & Associates
Mr Loizou responds to Q&A on various real estate matters in Cyprus. Send you Questions to
April - October 2016 - Questions & Answers on Cyprus Property Issues
Antonis Loizou, FRICS
Mr Loizou responds to Q&A on various real estate matters in Cyprus. Send you Questions to
Cyprus Cost of Living
Antonis Loizou & Associates
You quote regularly dear Mr Loizou that Cyprus is inexpensive in relation to other E.U. countries. Our experience so far makes us to differ. How is it possible to have an average dinner with a bottle of wine at Pafos with a cost of €28 p.p. without any extras/over ordering that some locals do etc?
Inaccurate boundaries of property
Antonis Loizou & Associates
I have owned a house in Cyprus for over 40 years and for many of these years have read your Questions and Answers column in the Cyprus Weekly with great interest. I regard myself as possibly one of your most enthusiastic fans and am writing to you now because I have a problem that may be shared by a number of your other followers. I am led to believe that, contrary to what they would have one think, the Department of Lands and Survey survey data base is rife with errors and inaccuracies.
Energy certificate
Antonis Loizou & Associates
If we are to let or sell our property we must provide the buyer/tenant with an energy certificate. Does this make sense to you especially for properties of some age?
Changes to the Wills and Succession Law
Antonis Loizou & Associates
I hereby attach for the readers’ information, information regarding the changes to the Wills & Succession law as published by Neocleous Law Firm – Limassol.
Title Deeds and Public Pools
Antonis Loizou & Associates
Every week I read with great interest your section in the Cyprus Weekly and admire your resolve and courage at trying to make this Country a better place to live in. With regards to the Title Deeds, and i believe the Governments decision to half the transfer fees to be very fair, considering the problems that title deeds have bought, i have two questions, firstly, will the house price remain based on the original purchase price, or will it be based on the valuation as at 01.01. 2013. I believe the later to be a much fairer price as it relates closer to it's current value. As an example, when i purchased my property in 2008 i paid cy£103,000 which equated to euro 176,130, Cyprus having just gone into the Euro @ 1.71 euros to cy£1. The 01.01.2013 valuation estimates the property value at euro 108,300. As we have no title deeds at present this is the developers figure. The current market trend has our properties selling around euro 90 - 95,000, as you can see, not far off a devaluation of 50%. My second question regarding title deeds is will the single or joint ownership still apply, on single ownership the transfer of deeds without any discounts on my property (176,130) is 7,290.40 and for joint ownership it works out to 5,406.50, as you can see, quite a difference. If the valuation of the property is taken on the 01.01.2013 valuations, mine being 108,300 the fees due would be 3,715 single ownership and 3,249 joint ownership. My previous amount due 7,290.40 could reduce to 2013 values plus the government discount 50% to now being euro 1,857.50. A saving of 5,432.90, a vast difference and a more realistic figure for settlement, one i would jump at, when they become available and hopefully before the end of 2016.
Shopping Hours
Antonis Loizou & Associates
What a clever move on the Government’s side regarding the shopping hours? The Minister of Labor taught our “brave” MPs a lesson – Well done.
Main residence
Antonis Loizou & Associates
What is the meaning of “main residence” regarding the capital gains tax since the main residence attracts a large amount of tax exemptions. We have a house in Germany (that is our main residence) and a holiday home at Limassol. We are contemplating of selling our Cyprus home. Will it be classed as our main residence?

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