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 Home Construction Doubles
According to official figures, the number of building permits approved in December 2019 allowed us to build twice as many new houses as allowed in December 2018.
Naturalization again because of the coronavirus
In the coming months, the acceleration of the naturalization process is expected in an attempt to restore the Cyprus economy.
Amendments to Rental Law during the quarantine caused by Covid-19
Due to the coronavirus outbreak the government has decided to freeze eviction of tenants who fail to pay their rent until the end of May.
ONLINE- MARATHON “COSMOS TRAINING 3.0”
Kombat tour team and Hero of Russia cosmonaut Sergei Ryazansky presents a large-scale sports project - the international online marathon “Training with the Cosmonaut 3.0” with the support of Roscosmos. The third marathon enters the orbit...
Work Arrangements during Lockdown
In this difficult time, we 100% have adapted and are ready to offer you online real estate services.
Cyprus Investment Programme is at risk again
The Cyprus Investment Programme, which allows wealthy foreigners to obtain an EU passport for investments of at least 2 million euros, was again subjected to criticism from the European Union, but the government refuted their demands.
16-story tower in Limassol
In Limassol, in the Germasogeia area, it is planned to build a 16-story tower 71.7 m high called “Mandarin Park, which is a mixed development of commercial and residential real estate.
Property sales rise among local and EU buyers
A 12% increase in property sales during 2019 was due to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
Growth in construction continues
Strong growth in the Cyprus construction sector continued in November with permits for the construction of 909 new homes, according to official statistics from the Cyprus Statistical Service.
Reconstruction of the port and Marina Larnaca
The restructuring of the port of Larnaca and the marina with 600 seats is expected to begin shortly after the agreement reached between Cypriot and Israeli investors after years of negotiations.
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.