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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Colin Wright: Cyprus’ Economy Headed for Better Days
The Executive Vice President of the Buena Vista Hospitality Group, Colin Wright, gave an interview to Gold News, regarding the largest wellness spa resort in Cyprus Europe - the Fortune Health Resort.
The Cyprus Investors Summit 2015
The most prestigious investors’ event in Cyprus started yesterday – the Cyprus Investors Summit 2015.
Apartments are considered to be the most popular type of real estate in 2014
About 3000 property deals of residential real estate were completed in Cyprus in 2014, half of which turned to be for the sales of apartments.
An overseas transfer limit has been raised in Cyprus
Yesterday the authorities of Cyprus have announced that from Monday 16th February 2015, they will raise the limit for overseas transfers.
Today the President of the Republic of Cyprus Nikos Anastasiadis has arrived to Moscow with an official visit
Today the President of the Republic of Cyprus Nikos Anastasiadis has arrived to Moscow with an official visit. His trip will last until February 27 and is extremely important for the relationship between Russia and Cyprus, especially...
Сreation of artificial reef in Ayia Napa.
Vessel to be scuttled in Ayia Napa on Saturday for creation of artificial reef.
An old war ship Kyrenia, donated by the government, will form the new artificial reef in Ayia Napa, the town’s mayor Yiannis Karousos told the Cyprus News...
Official visit of President of the Republic of Cyprus in Russia
The presidents of the two countries - Cyprus and Russia signed a number of bilateral agreements and approved a joint action program for 2015-2017 years.
Surveillance cameras on the roads of Cyprus.
Accidents on the roads will be reduced by 40% thanks to surveillance cameras.
Revenue from tourism
On the basis of the results of the Passenger Survey, revenue from tourism reached €43,7 mn in December 2014 compared to €37,6 mn in the corresponding month of the previous year, recording an increase of 16,1%.
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.