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Local Property Tax: Here s how the changes will impact homeowners

It comes after Cabinet signed off on proposed changes that will see tax charged on properties built since 2013 for the first time. Homes will also be revalued in November, and around one-third of homeowners will see their bills increasing by at least €90-100. Advertisement The Department of Finance estimates 11% of people will see a decrease in their property tax bill; 53% will stay on the same rates; while the new bands will mean increases of up to €100 for a third of households. The proposed changes have been labelled crazy and bizarre by the Irish Mortgage Holders Organisation, with the group saying it s the wrong time for the measure as people are still experiencing the impacts of the pandemic.

Marginal fall in residential property prices - Cyprus Property News

Marginal fall in residential property prices your username April 30, 2021 Residential property prices dropped a marginal 0.2% in the fourth quarter of 2020, its second marginal consecutive quarterly reduction, with the government’s interest rate subsidy scheme offsetting the negative impact of the COVID-19 pandemic. According to the Residential Property Price Index (RPPI), compiled by the Central Bank of Cyprus, residential properties in the fourth quarter of 2020 recorded a quarterly reduction of 0.2%, following a decline of 0.4% in the previous quarter. On an annual basis, the index marked a slowdown showing in increase of 0.8% in Q4, compared with a rise of 1.2% in the previous quarter.

Property transactions jump 12% as market defies slowdown

Property transactions jump 12% as market defies slowdown Davy says mortgage lending is likely to hit €9.5bn this year despite the pandemic about 13 hours ago   The volume of residential property transactions rose by 12 per cent to 13,100 in the first quarter of 2021 as the market continued to shrug off the impact of the pandemic, according to Davy Stockbroker. While the official Residential Property Price Index for March, which includes transactions data for the first quarter, has not yet been published, Davy made its calculation using data from the the Property Services Regulatory Authority (PSRA). The value of the transactions were put at €4.2 billion.

Property transactions jump 12% as market defies pandemic slowdown

Property transactions jump 12% as market defies pandemic slowdown Davy says mortgage lending is likely to hit €9.5bn this year about 4 hours ago   The volume of residential property transactions rose by 12 per cent to 13,100 in the first quarter of 2021 as the market continued to shrug off the impact of the pandemic, according to Davy Stockbroker. While the official Residential Property Price Index for March, which includes transactions data for the first quarter, has not yet been published, Davy made its calculation using data from the the Property Services Regulatory Authority (PSRA). The value of the transactions were put at €4.2 billion. “Estate agents have clearly adapted to the third lockdown, maintaining activity levels despite restrictions on viewings and travel, via virtual viewings and other initiatives,” Davy chief economist Conall MacCoille said.

Property transactions jump 12% to €4 2bn as market defies pandemic slowdown

Property transactions jump 12% to €4 2bn as market defies pandemic slowdown
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