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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On 11 of January the residents of Paphos elected the new mayor
Fedonas Fedonos, the independent candidate who was support by the ruling Democratic Rally (DISY) party, became the new mayor of Paphos.
Aegean Airlines will operate Cyprus Airways’ routes
Aegean Airlines Greece's largest full-service airline, will take air routes previously carried by the bankrupt company Cyprus Airways.
Paphos is the most popular destination amongst Real Estate Investors
According to data produced by Cyprus Economic Intelligence (CEI) Paphos was shown to be the most popular town out of all for foreign investments into the real estate between the years 2010 and 2014.
The construction of the first casino in Cyprus
The Council of Ministers of the Republic of Cyprus has approved a creation of the first legal casino in Cyprus.
Cyprus was ranked 64th with regard to the ease of doing business
According to the recently published The Doing Business Report, which is annually elaborated by the World Bank Group, Cyprus was ranked 64th on the ease of doing business out of 189 countries that were compared in the ranking. The original...
Tax Break for early payment of IPT
The Cyprus International Financial Services Association has highlighted that those paying the Government their immovable property tax dues before October 31, 2014, ahead of the November 30, 2014, deadline, will receive a 15% discount,...
The outcome of the trial drilling will be known in the nearest future
According to the Ministry of Energy in Cyprus, the results of the trial drilling will be out soon. According to the Minister of Energy George Lakkotrypis, from the results it will be possible to construct a clear picture of how the natural...
Aegean and Ryanair are competing for the acquisition of Cyprus Airways
A well known Greek airline company Aegean Airlines and the European market leader of aviation services Ryanair are the two main pretenders for the acquisition of Cyprus Airways. According to Cyprus media, by the end of the tender process,...
The construction of Cyprus` first casino resort will be done through an international public tender procedure
According to the Ministry of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, the potential investor for the construction of a casino will be announced by the end of the summer 2015.
Possibility of a tram system in Nicosia
The Ministry of Transport is taking into consideration the idea of constructing a tram system in Nicosia.
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.