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 business center is planned to be built in Larnaca.
It will take a year and a half to build a 12-storey Trophy building with a height of 60 meters. At the moment, The Cyprus Department of the Environment is studying this application.
Pandemic strengthened Russian interest in “ Golden Passports”
During the coronavirus pandemic, wealthy citizens of the Russian Federation became much more actively interested in the possibility of acquiring passports of other states.
Cyprus Property Sales during the pandemic
Cyprus property sales declined significantly as a result of COVID-19, as the pandemic caused the island's real estate market to be deeply frozen.
CONSTRUCTION PERMITS
According to the Cyprus Statistical Service, building permits are a key indicator of future activities in the construction sector.
SALT LAKE CITY
“City in the city” - this is the concept of the project, whose name is Salt Lake City, located in the Skala area in Larnaca.
Prices on the real estate market in the context of the COVID-19
A lot of negative impacts on the economy of Cyprus were exerted by the COVID-19, including the real estate market.
Paralimni Marina construction announced
Paralimni Marina begins its construction this summer in Protaras, a unique place to live, one of the most beautiful coastal areas of the Mediterranean.
June 9, Cyprus opened the airports of Larnaca and Paphos.
For those wishing to visit the island, the Cypriot authorities have created an electronic platform CyprusFlightPass.
Your paradise on the sea front
If you are dreaming of paradise on the sea front line, then this is definitely our unique project in the reserved part of the island on the first line.
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.