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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ONLINE- MARATHON “COSMOS TRAINING 3.0”
Kombat tour team and Hero of Russia cosmonaut Sergei Ryazansky presents a large-scale sports project - the international online marathon “Training with the Cosmonaut 3.0” with the support of Roscosmos. The third marathon enters the orbit...
Work Arrangements during Lockdown
In this difficult time, we 100% have adapted and are ready to offer you online real estate services.
Cyprus Investment Programme is at risk again
The Cyprus Investment Programme, which allows wealthy foreigners to obtain an EU passport for investments of at least 2 million euros, was again subjected to criticism from the European Union, but the government refuted their demands.
16-story tower in Limassol
In Limassol, in the Germasogeia area, it is planned to build a 16-story tower 71.7 m high called “Mandarin Park, which is a mixed development of commercial and residential real estate.
Property sales rise among local and EU buyers
A 12% increase in property sales during 2019 was due to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
Growth in construction continues
Strong growth in the Cyprus construction sector continued in November with permits for the construction of 909 new homes, according to official statistics from the Cyprus Statistical Service.
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.
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.