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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A new €80 million development is set to be constructed in Limassol
A new €80 million development is set to be constructed in Limassol, featuring roof gardens and underground parking for 498 vehicles.
The Republic of Cyprus's Department of Environmental Protection has received a proposal for a...
Secret Valley Set to Be Sold for €130 Million
The Columbia Group is poised to acquire the Secret Valley resort from the real estate management unit of the Bank of Cyprus (REMU) in a deal exceeding €130 million, as revealed on Monday.
Economy Today, which first reported the...
DEVELOPMENT OF A TECHNOLOGY PARK IN PENTACOMO, AIMED AT SUPPORTING THE ENERGY, NANOTECHNOLOGY, AND IT SECTORS
Cyprus is working towards becoming an international hub for innovation, with the establishment of a large science and technology park in Pentakomo, just a 20-minute drive from Limassol. The Ministry of Energy, Trade and Industry of the...
THE BRITISH, RUSSIANS, GREEKS, ISRAELIS, LEBANESE, AND CHINESE ARE ACTIVE PROPERTY BUYERS IN CYPRUS. WHAT DRIVES THIS TREND?
Foreign interest in Cypriot real estate remains high, with the British, Russians, Greeks, Israelis, Lebanese, and Chinese being the most active purchasers. Between 2021 and 2024, the majority of foreign buyers focused their investments on...
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...
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.