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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Cyprus property sales market has grown over the past year by 15%
According to the Department of Lands & Surveys, it can be noticed that the property market in Cyprus is recovering from the financial banking crisis that has been caused by the liquidation of one of the largest banks on the island Laiki...
RICS Cyprus Property Price Index Q2 2015 Report
RICS Cyprus Property Price Index has released a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and main property...
Bank new working hours
The association of banks has reached an agreement with unions that the new working hours would apply as of August 10, it was announced on Wednesday. The agreement reached on Wednesday provides that from Monday, August 10, banks will...
Lavrov to visit Cyprus by year end
Russian Foreign Minister Sergey Lavrov is to visit Cyprus by the end of the year, it emerged on Tuesday when he and his Cypriot counterpart Ioannis Kasoulides exchanged greetings to mark the 55th anniversary of the establishment of...
The new storage depot at Vasilikos
ACTIVITY on the once bustling Larnaca coast road, home to dozens of energy companies, is finally grinding to a halt as operations move to Limassol.On Monday, the Ministry of Energy announced that its fuel storage facilities had finally...
Property sales grew up by 22 per cent In July
A total of 496 contracts for the purchase of commercial, residential properties and land plots in Cyprus were deposited at Land Registry offices during July; overall, there was a total increase by 22%. In comparison to last year, there...
Sales increase in Cyprus.
Sales increase in the sphere of real estate in Cyprus proceeds the fifth month in a row, both on internal, and on foreign the markets. Paphos appeared the leading city in this sphere on the island.
A multinational Search and Rescue exercise is set to begin
A multinational Search and Rescue exercise in the Exclusive Economic Zone of Cyprus is set to begin.NEMESIS 2015 is taking place with the participation of SAR Units and personnel from Cyprus, Israel, Greece, and the United States.Naval and...
Cabinet approves hidden mortgages bill
According to Cyprus Property News, following today’s meeting of the Cabinet (Council of Ministers), Interior Minister Socrates Hasikos explained some of the key points of the ‘hidden mortgages’ bill designed to enable several thousand...
Latest tax incentives are aimed to attract rich foreigners
According to Cyprus Property News, a 50 per cent cut in Property Transfer Fees and other tax incentives have been announced by the Cyprus President in efforts designed to attract high-net-worth foreign investors to the island.
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.