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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July Property Sales
The number of real estate sales in Cyprus in July was the same as in July 2018, with sales declining in all areas except Larnaca.
House prices rise 0.8%
The Cyprus house price index (HPI) increased by 0.8 percent in the first quarter of 2019 and by 4.3 percent year on year according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
Demand for Cyprus property from foreign buyers slumps
Demand for property in Cyprus from non-EU citizens has fallen, but it is unclear whether this is due to stricter government control after criticism from the European Union regarding investment in exchange for passports.
Calls to stop the scheme of "golden visas"
European lawmakers have called on member states to end their Golden Visa schemes, since their advantages do not compensate for the serious threat to security, money laundering and tax evasion that they represent.
The number of houses in Cyprus increased by 15%
The number of new houses in Cyprus for which building permits were issued increased by 15.1% in January 2019 compared with January 2018, according to the statistical service of Cyprus.
Cyprus property prices rose by 3.5%
Housing prices in Cyprus rose by 3.5% in the fourth quarter of 2018 and by 1.6% year-on-year, according to Eurostat's statistical office, in its latest news release.
Building permits for 576 new homes
The number of new houses in Cyprus for which building permits were issued grew by 13.2% in February 2019 compared with February 2018, according to the statistical service of Cyprus.
Moscow‘s and St. Petersburg’s citizens will be able to exchange their apartments for a villa in Cyprus
Business class property owners in one of two capitals will be able to exchange their objects for apartments or a villa in Cyprus, as reported by Kalinka Group, which launched a special trade-in real estate program.
Cyprus Property market review 2018
In its annual review of the Cyprus property market, PwC reports that the value of transactions in the residential real estate sector reached 3.1 billion Euros, which accounted for 73% of the total market volume.
Completion of construction of our project Olive Garden Residence!
We are pleased and proud to announce the completion of the construction of our luxury residential complex in Limassol - Olive Garden Residence!
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.