Irregularities with Foreign Currency Mortgages
Many of our clients have purchased property with the assistance of a foreign currency mortgage, in particular, Swiss francs. Following the fluctuation of the exchange rate, many found themselves in extreme financial difficulties, which resulted in mortgage arrears and the threat of not only losing their initial investment and their property in Cyprus, but also their property and assets in the U.K. Our team of highly skilled legal professionals have been able to advise and, wherever possible, assist in the restructuring or termination of Swiss franc Mortgages and other foreign currency loans.
VAT Property Tax Refund
Many thousands of investors who purchased property in Cyprus, specifically to market as a short term rental accommodation for holiday lettings, are unaware that this is regarded by the Cyprus VAT Authorities as a qualifying business Asset for the purpose of recovering the 15% VAT within the purchase price.
SBIC has a team of VAT specialist accountants who are able to advise on the recovery amount of your claim and manage the process, should it fall within the qualifying period and meet the criteria required.
Property Rental Services
Villa Lettings Cyprus is the marketing brand of Vacation Holiday Rentals Limited, which with over 50 years combined experience in the Travel and Tourism industry, is able to provide an excellent platform to deliver tourist rental sales on privately owned villas and apartments across the Republic of Cyprus. Their unique property appraisal generates a comprehensive report and offers suggestions and recommendations to enhance the letting occupancy of your property, a valuable tool in assisting your assets in yielding the highest possible revenue. Their pro-active approach to marketing ensures all properties reach the largest possible audience.
Property Management Solutions
Vacational Holiday Rentals Ltd (VHR) is the sister company of SBIC Consultancy Services Ltd (SBIC ) that can provide a comprehensive Property Management Service to support and enhance your property rental business.