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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Reconstruction of the port and Marina Larnaca
The restructuring of the port of Larnaca and the marina with 600 seats is expected to begin shortly after the agreement reached between Cypriot and Israeli investors after years of negotiations.
Marina Agia Anapa will start operation soon
Ayia Napa Marina is at the final stage of construction and is preparing to start work with the approach and berthing of the first boat on January 27, which will mark the beginning of pilot work on the pier.
Cyprus Property Sales Fall in February
Real estate sales in Cyprus fell 11% in February 2020 compared to February 2019 and 7% in the first two months of the year, according to official data from the Department of Land and Research.
Slight increase in property sales
According to the latest official figures released by the Land Department, in October there was a slight increase in property sales in Cyprus compared to the corresponding month last year.
Cruise ship facilities in Paphos Marina
The Cabinet of Ministers gave the green light for a study that will focus on the possibility of building facilities for cruise ships as part of the alleged Paphos Marina in Kissonerga Potima Bay north of the city.
Slight fall in real estate sales in November
According to the latest official figures released by the Land Department, in November real estate sales in Cyprus fell slightly compared to the corresponding month last year.
Cyprus Property Market Overview
A review of the PwC real estate market in Cyprus for the first half of 2019 shows that a quarter of all real estate transactions took place in April, shortly before more stringent criteria were introduced for those who apply for...
Passports: indicator for real estate.
According to the recently published financial report of the Central Bank of Cyprus, more stringent criteria introduced earlier during the year to obtain a Cypriot passport have affected the sale of real estate.
Annual real estate sales hit eleven-year highs
Real estate sales in Cyprus in 2019 exceeded 10,000, reaching the highest rate recorded since 2008, according to official statistics published by the Land Department.
Airbnb Rental Law Enacted
MPs have passed a bill to regulate rental housing by owners through online platforms such as Airbnb and booking .com, which deal with both new and existing housing.
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.