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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A cultural center is set to be constructed in Larnaca for 30 million euros
A cultural center is set to be constructed in Larnaca for 30 million euros, with the architectural firm Foster + Partners leading the project. Petrolina has provided approximately 4,000 square meters of coastal land for the development,...
FOUR ERA SHOPPING MALLS HAVE BEEN SOLD FOR A SYMBOLIC PRICE OF 1 EURO
Facing losses, Ermes Department Stores Plc has divested itself of four ERA shopping malls located across Cyprus (Nicosia, Limassol, Larnaca, and Paphos) by selling them to Gencom for a symbolic price of 1 euro.
This strategic move aims...
CYPRUS IS FIVE STEPS AWAY FROM JOINING SCHENGEN
The Politis newspaper has outlined the specific conditions that Cyprus must fulfill to become part of the Schengen area, indicating that the island is five steps from achieving this goal.
Step 1: Meeting Technical and Operational...
EASTER CELEBRATION 2025 IN CYPRUS
Easter celebrations are planned for Sunday, April 13, in three cities of Cyprus.
Easter events of Limassol Municipality (From 11:00 to 19:00)
Anexartisias and Agiu Andreu streets
Train for children and their parents — from...
Cyprus Property Prices: Back to Pre-Crisis Levels
Recent data from the Central Bank of Cyprus reveals that property prices have risen back to 2012 levels, just before the banking crisis. The apartment price index for the third quarter of 2024 has reached a historic high of 113 points, up...
The AKEL party has drafted a bill aimed at eliminating the 5% preferential VAT rate for foreigners purchasing their first property.
The Progressive Party of the Working People of Cyprus (AKEL) has introduced a new bill for parliamentary review. This proposed legislation aims to eliminate the preferential value-added tax (VAT) for foreigners when acquiring their first...
Major University Development in Limassol: Housing 12,000 Students
A significant mixed-use development has been proposed for Limassol, featuring a university campus for 12,000 students and medical facilities.
The St Nicholas Hills project, located in the Prastio Avdimou community, will encompass...
Results of 2024: Property Sales Reach Record High Since 2007
Property Sales in 2024 Reach Record High Since 2007
In 2024, property sales in Cyprus hit a record high, reaching 15,797 contracts filed with the Department of Lands and Surveys, the most since 2007.
However, as discussed further in...
Happy New Year 2025 from ReLux Estates & Orpheus Group
Traditional annual Orpheus group meeting at Four Season!
We reviewed our achievements, mapped out strategies for the future, shared ideas, and motivated one another for a productive new year 2025!
A big thank you to Nick Aristou and...
Prepare Your Home and Garden for Cyprus' Extreme Winter Cold
Winter is approaching in Cyprus, and while the temperatures are milder compared to many other regions, the cooler weather and rainy days still affect our homes and gardens. November is an excellent time to begin winter preparations,...
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.