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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New Marina in Larnaca
The Ministry of Transport has unveiled its new plan to attract a strategic investor for the development of the Larnaca port and marina and includes berths for Giga yachts and cruise ships.
The property sales in December increased by 121%
December 2016 saw the largest amount of property sale and purchase deals in Cyprus since September 2008.
Science and technology park in Limassol area
Thai company Wyncoast is the only bidder for development and operation of a science and technology park in the area of Pentakomo, near Limassol.
New unique residential complex in Limassol
Cyprus property market continues to show significant growth and interest from buyers, both local and foreign citizens. As the result of this interest there are many new construction projects all over the island.
Victoria Nuland is expected to visit Cyprus
The Assistant Secretary of State for European and Eurasian Affairs at the US State Department,Victoria Nuland, is expected to visit Cyprus this Friday, 14th of October. The aim of the visit is to express support on behalf of the US...
Construction of the Radisson Blu Hotel & Residence in Cyprus
“According to CNA a franchise agreement has been signed between The Rezidor Hotel Group and Quality Group, the owning company of the hotel, which foresees the construction of an upper upscale, 105-unit hotel and serviced apartments in the...
Property transactions rose 23% in October!
According to Cyprus Business Mail property transactions in Cyprus rose an annual 23 per cent in October, three months after the parliament passed a tax breaks package aiming at boosting activity in the real estate sector.
Cyprus property index. Positive developments
Cyprus property index published by British experts from RICS for the last quarter of 2015 has displayed that despite the trend of general property price reduction across the island, the actual coefficient of decrease has been gradually...
Israeli tech saves the government of Cyprus
Few people know, that after the bail-out crisis of 2013, when thousands of house mortgages and property taxes remained unpaid, Cyprus was saved from bankruptcy by an unexpected hero in the face of the Tel-Aviv based Ofek Air and their...
26% property sales up for the last year in Cyprus.
During July a total of 625 contracts for the sale of commercial and residential properties and land were deposited at Land Registry offices across the island.
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.