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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Thaw in Capital restrictions
The authorities of Cyprus have eased the restrictions on capital movement that were brought into use in April 2013 following the bailout step – Reuters.
Limassol took third place amongst the ranking of top destinations on the rise
According to the TripAdvisor, Limassol took third place in the list of the most popular travel destinations «Top 10 Traveler's Choice Destinations on the Rise».
Limassol seafront line will become even more beautiful
Mayor of Limassol, Mr Andreas Christou, announced that the city authorities are trying to get 5 million euros from the EU funds in the period 2014-2020 for the renovation of the city seafront line.
Senvest International LLC - the fourth largest shareholder of Hellenic Bank
Canadian investment fund Senvest International LLC made has recently announced that its share of the Hellenic Bank has increased from 2.62% to 5.03%, which is 364,660,947 shares.
The number of property sales in Cyprus in 2014 grew by 20%
The total number of sales contracts of the real estate has increased by 20% in the year 2014, which made up a total of 4527 properties all together.
In September 2015 Ayia Napa will start to change the coastal zone
Ayia Napa has received an official permission to use 3.5 million of the state budget in order to improve and renovate the coastal zone in the region. Mr. Yannis Karusos, the mayor of Ayia Napa, announced that the city budget will cover 30%...
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.
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.