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22nd Jul

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FEATURED FOR SALE

Modern Three Bedroom Plus Office House in Anayia Detached House, Nicosia
€750,000
Modern Three Bedroom Plus Office House in Anayia
Bright, central , rennovated office space for rent Office, Nicosia
€220,000
Bright, central , rennovated office space for rent
Luxurious Forest House at Pyrga! Detached House, Nicosia
€1,300,000
Luxurious Forest House at Pyrga!
A century and a quarter house can be yours! Detached House, Nicosia
€650,000
A century and a quarter house can be yours!
6 Bedrooms Modern Detached House in GSP area Detached House, Nicosia
€1,060,000
6 Bedrooms Modern Detached House in GSP area
Top Floor Furnished Duplex in Engomi Apartment, Nicosia
€800,000
Top Floor Furnished Duplex in Engomi

Moody’s: Cyprus broadens capital-gains...

Moody’s: Cyprus broadens capital-gains tax waiver, a credit positive for banks
Rating agency Moody’s says in its weekly “Credit Outlook” that extension of the government’s waiver of the 20% capital- gains tax to all properties sold when proceeds are used to repay problem loans is a credit positive for the banks.Last Tuesday, the Cypriot parliament extended the government’s waiver of the 20% capital- gains tax to all properties sold when proceeds are used to repay problem loans, and to properties sold or relinquished to credit-acquiring companies, which are the only Cypriot entities allowed to buy problems loans from banks, to settle existing debt.Until now, this tax break was applicable only to properties sold in debt-for-asset swaps with banks.“The benefit`s extension to other sales categories is credit positive for Cypriot credit acquiring companies because it will increase the recoverable amount of problem loans and banks should garner better prices offered for non performing loan exposures (NPEs)”, says Moody’sThe government introduced the waiver of the capital gains tax in 2015 to facilitate debt-for asset swaps as a means to reduce the larges tock of NPEs in the Cypriot banking sector. Almost all these exposures are backed by real estate collateral and around one-third of these troubled loans are terminated loans, which are mostly…

2 days ago

FEATURED FOR RENT

Detached House, Nicosia
€5,000 Per month
LUXURY HOUSE IN AGLANTZIA FOR RENT
Apartment, Nicosia
€900 Per month
Luxury 2 bedroom apartment furnished on demand
Office, Nicosia
€9 Per square metre
Excellent value for money modern office building
Office, Nicosia
€6,000 Per month
Newly Renovated 4bed+ in the heart of the city
Apartment, Nicosia
€1,500 Per month
Luxurious Penthouse for rent in Strovolos
Office, Nicosia
€1,500 Per month
Office in Engomi closed by Ministry of Defense


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