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The AKEL party, represented by MP Giorgos Loukaides, has proposed a bill to abolish the reduced 5% VAT rate for foreign nationals purchasing or constructing real estate in Cyprus.
The Real Estate Agents Registration Council has proposed banning short-term rentals to protect consumers, stabilize the real estate market, and support the tourism industry.
You will receive a personalized selection of properties in Cyprus from trusted agencies and developers – fast, convenient, free