Magnificent ecology, the sea and the sun are constant factors in the growth of real estate prices in Cyprus. This market is constantly growing, thanks to which the capital invested in housing is also constantly increasing. It is also necessary to take into account the fact that there is less and less land for development on the island. Accordingly, there are no objective reasons for a decrease in demand.
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New €45 million project named “Wolga” launches in the Pyrgos area of the Limassol district
Jomento Properties has filed an Environmental Impact Assessment for a €45 million mixed-use project named “Wolga” in the Pyrgos area of the Limassol district. The development will occur in two phases over 36 months, once...
Lights, Camera, Orpheus! Behind the Scenes of Our Photoshoot Day!
We recently had an exhilarating photoshoot to capture the spirit and dedication of the Orpheus Group and all the diverse services we offer. From our innovative outsourcing solutions to our impeccable travel arrangements, we’re...
CYPRUS REALTORS CALL FOR THE WITHDRAWAL OF THE BILL REQUIRING LAWYER PARTICIPATION IN REAL ESTATE TRANSACTIONS
The Parliament of the Republic of Cyprus is currently evaluating a bill that would mandate the involvement of lawyers in real estate sales and rental agreements. Proponents of the bill believe it will enhance the legal safety of these...
A cultural center is set to be constructed in Larnaca for 30 million euros
A cultural center is set to be constructed in Larnaca for 30 million euros, with the architectural firm Foster + Partners leading the project. Petrolina has provided approximately 4,000 square meters of coastal land for the development,...
FOUR ERA SHOPPING MALLS HAVE BEEN SOLD FOR A SYMBOLIC PRICE OF 1 EURO
Facing losses, Ermes Department Stores Plc has divested itself of four ERA shopping malls located across Cyprus (Nicosia, Limassol, Larnaca, and Paphos) by selling them to Gencom for a symbolic price of 1 euro.
This strategic move aims...
CYPRUS IS FIVE STEPS AWAY FROM JOINING SCHENGEN
The Politis newspaper has outlined the specific conditions that Cyprus must fulfill to become part of the Schengen area, indicating that the island is five steps from achieving this goal.
Step 1: Meeting Technical and Operational...
EASTER CELEBRATION 2025 IN CYPRUS
Easter celebrations are planned for Sunday, April 13, in three cities of Cyprus.
Easter events of Limassol Municipality (From 11:00 to 19:00)
Anexartisias and Agiu Andreu streets
Train for children and their parents — from...
Cyprus Property Prices: Back to Pre-Crisis Levels
Recent data from the Central Bank of Cyprus reveals that property prices have risen back to 2012 levels, just before the banking crisis. The apartment price index for the third quarter of 2024 has reached a historic high of 113 points, up...
The AKEL party has drafted a bill aimed at eliminating the 5% preferential VAT rate for foreigners purchasing their first property.
The Progressive Party of the Working People of Cyprus (AKEL) has introduced a new bill for parliamentary review. This proposed legislation aims to eliminate the preferential value-added tax (VAT) for foreigners when acquiring their first...
Major University Development in Limassol: Housing 12,000 Students
A significant mixed-use development has been proposed for Limassol, featuring a university campus for 12,000 students and medical facilities.
The St Nicholas Hills project, located in the Prastio Avdimou community, will encompass...
3 reasons to buy property in Cyprus
Property owned by foreigners in Cyprus is protected by the law
Property rights in Cyprus are strictly respected, therefore there are now reasons to worry about your capital. Even in the event of political changes, the status of investors remains untouchable and is guaranteed by the government.
Owning a house or apartment on an island is not only an indicator of status
Owning a house or apartment on an island is not only an indicator of status. This is an opportunity to diversify investments that help you to get a stable income and be sure that your capital is safe.
Minimum taxes on the sale and acquisition of real estate
In Cyprus, unique taxation conditions have been created to minimize indirect costs. An additional bonus is the possibility of obtaining a residence permit. If you are interested in the possibility of a change in status, we recommend that you study our website or contact managers.