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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Nireas triathlon returns to Larnaca
The annual Nireas-Larnaca Triathlon – the largest of its kind in the town — will be taking place this Sunday, May 24. This year, the event is expected to attract record numbers of participants.
Organised by Nireas Triathlon and Larnaca...
On 24th of May there will be mini-rally Ayia Napa
Every year many different motorsport competitions take place in Cyprus.
Lifting of capital restrictions in the Cypriot banking system.
Lifting of capital restrictions in the Cypriot banking system.
In Cyprus stores introduced new working hours.
Ministry of Labour, transferred at April 7, to the House of Representatives, the draft law establishing the working hours. Allowable working hours for shops in Nicosia, Limassol, Larnaca and Paphos are set from 5 am to 10 pm, Monday...
Larnaca Marina: final preparations
From the 1st of July this year, the project to build a marina and the arrangement of the port area of Larnaca will begin. Recently, the Cypriot newspaper "Fileleftheros", issued a statement, from representative of the joint venture...
House prices decrease in Cyprus in the last quarter of 2014
House prices fell by 3.0 per cent in Cyprus, rose by 1.1 per cent in the euro area and increased 2.6 per cent in the EU in the fourth quarter of 2014 compared with the same quarter the previous year, according to figures released by...
Property sales in Cyprus increased by 31% over a year
The amount of properties sold in Cyprus in March increased by 31% compared with March 2014 with sales improving in all districts except for Famagusta.
Troika will be in Cyprus from April 26th to 29th
Troika technical groups are expected to return to Cyprus between April 26 and 29 with a view to completing the fifth review of the country’s economic adjustment programme.
Tourist arrivals rise 26% in March
Tourism arrivals rose 26 per cent to 97,479 in March compared with last year, mainly on increased arrivals from the United Kingdom, Greece, and Germany offsetting a drop from Russia, the statistical service said.
Privatization of commercial activities at Limassol port
Cyprus will launch a tender for the privatization of commercial activities at Limassol port in May, Minister of Transport, Communications and Works, Marios Demetriades has said.Demetriades began a series of contacts with the island`s...
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.