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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Cyprus Gives Green Light to 'Photovoltaics for All' Program: A Step Towards Sustainable Energy
The "Photovoltaics for All" program, which will subsidize up to 6,000 homeowners to install solar systems on their roofs, has received approval from the Cabinet and will go into effect at the end of next month.
According to a...
Positive Response from Europe: Reduced VAT on New Homes
The finance minister announced on Monday that the European Commission has approved the application of the reduced 5 percent value-added tax on first-time homes in Cyprus.
Speaking to reporters after a polite meeting with the newly...
Rising House Prices and Rents: Q2 to Q3 2023 Market Update
According to data from Eurostat, EU rents and home prices grew by 0.8% in the third quarter of 2023 when compared to the second quarter of the same year.
In the EU, rents increased by 3.0% but house prices fell by 1.0% from the third...
Real Estate Market Hits Record High: Sales Reach Peak Levels
With 15,567 contracts deposited with the Department of Lands and Surveys, property sales in 2023 reached the highest level since 2007.
In 2007, sales hit a record 21,245 units. However, the global financial crisis—the worst...
PROPERTY TRENDS IN 2024
In 2024, it is anticipated that rent prices and apartment and house sales prices will not decline; however, certain cities within each category are expected to defy this general trend.
The data provided by "F" from the Danos...
IMPACT OF EVENTS IN THE MIDDLE EAST ON THE CYPRUS REAL ESTATE MARKET
Discover the latest insights on the Cyprus real estate industry and its short-term outlook amidst recent events in the Middle East. Gain valuable information and analysis to navigate the uncertain landscape of the real estate market. Stay...
THE LANDMARK NICOSIA HOTEL WILL BECOME A PART OF AUTOGRAPH COLLECTION HOTELS
Experience luxury redefined in Cyprus with The Landmark Nicosia, soon to be part of Autograph Collection Hotels. A first-of-its-kind in Cyprus! Experience the former charm of the city & enjoy unforgettable experiences and soak up the...
FOR THE REVIVAL OF OLD NICOSIA, 30 MILLION EUROS HAVE BEEN ALLOCATED. WOULD YOU LIKE A GRANT?
A "grandiose and vibrant" project for the revitalization of Old Nicosia was unveiled by the Ministry of Internal Affairs of the Republic of Cyprus on September 20. This will cost 30 million euros. It outlines the distribution of incentives...
FOR HOW MUCH OF REAL ESTATE WAS SOLD IN LIMASSOL IN THE SECOND QUARTER OF 2023?
Brace yourself for an exciting journey into the world of Limassol's booming real estate scene. Real estate in Limassol continues to attract a lot of interest. Get ready to be amazed as we unveil just how much of Limassol's prime properties...
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REAL ESTATE MARKET TRENDS
In today's market, potential buyers are becoming increasingly cautious and meticulous in their decision-making process. They take their time to thoroughly research and evaluate options before making a purchase. Don't miss out on reaching...
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.