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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August property sales up 27%
August property sales up 27 per cent the number of property sales in Cyprus during August 2017 rose by 27 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys.
House passes laws that effectively privatise beaches
After a two hour marathon session in parliament on Friday, MPs voted in favour of laws that effectively allow the government to privatise beaches.
FOUNDATION STONE UNVEILED IN THE PRESENCE OF THE PRESIDENT OF THE REPUBLIC OF CYPRUS
On October 6, 2017, a large-scale event took place - a solemn ceremony of laying the foundation stone for a new project Limassol Del Mar, which will be built in the tourist area of Limassol.
New amazing complex in Limassol - Olive Garden Residence!
We are happy to announce the completion of the first stage of construction of the new amazing project in Limassol - Olive Garden Residence!
Reinstate of Immovable Property Tax
The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.
Cyprus property sales up 21% in October 2017
Property sales in Cyprus rose 18 per cent in October compared with the same month in 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.
Demand for properties rental in Limassol continues to grow
A property market boom in Limassol has driven up rents as demand for housing has outstripped supply as more companies have moved to the area seeking accommodation for their staff.
Chinese ban no impact on property sales
The restrictions introduced by the Chinese government to reduce outbound investment in real estate have yet to impact property sales according to the Cyprus Chambers of Commerce and Industry (Keve).
New home building permits up 25 %
The number of new homes in Cyprus for which building permits have been issued rose by 25.3 per cent in September 2017 compared to September 2016 according to the Cyprus Statistical Service.
Signature residential towers project near Limassol beachfront reaching its final stage
One of the signature projects of Limassol beachfront road is reaching its final stage of completion with the construction actively progressing.
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.