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‘Cyprus property market not going through a bubble’

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a bubble, despite the concession that prices have indeed been increasing. “It is a given and expected that as the prices of raw materials continue their upward trend, the final selling prices of new properties will inevitably increase,” Kineyirou said, explaining that the

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Business

Cyprus economy: challenges and prospects

Cyprus’ GDP decrease in 2020 was bound to 5 percent, notwithstanding disturbances in global exchange, supply chains, and air transport. Simultaneously, unemployment was reduced to moderately low, given the conditions, level of 7.5 percent. By 2021, Cyprus outperformed beginning assumptions, arriving at a palatable development pace of 5.5 percent. The better than expected performance in 2021 is mainly attributed to four factors: (a) the containment of

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Business

Cyprus’ recovery and resilience plan.

Following an unprecedented crisis due to the pandemic, Cyprus’ recovery and resilience plan responds to the urgent need of fostering a strong recovery and making Cyprus future ready. The reforms and investments in the plan will help Cyprus become more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions. To this end, the plan consists of 75 investments and

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Business

The economic challenges after Covid–19.

One consequence of the Covid – 19 pandemic and the response to it, is the accumulation of debt by governments and private companies alike. The question, hence, is rightfully raised, what this might mean for growth and stability going forward and what additional policy responses might be necessary, to protect macroeconomic stability, the efficacy of the banking sector and the viability and vitality of the corporate

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Investments

Lebanese Market

IS BUYING A PROPERTY IN CYPRUS A GOOD INVESTMENT? As a large Mediterranean island, Cyprus boasts long stretches of gorgeous beaches, a tranquil lifestyle under the sun, and reasonably priced luxury villas. This makes it incredibly tempting for expats to buy real estate in Cyprus, with most families choosing to either relocate or possess a second home in this piece of paradise. For many years Cyprus

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Business

Cyprus Announces EUR 30 Million Grants for Upgrading your Home’s Energy Efficiency

On January 26, 2021, The Cyprus Ministry of Energy & Trade has announced the launch of a new scheme that will sponsor a total of EUR 30m to encourage energy efficiency upgrades amongst existing homeowners in Cyprus.  This new scheme results from an EU initiative to reduce greenhouse gas emissions by at least 40% by 2030. The initiative also aims to strengthen energy security, competitiveness, and

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Investments

Cyprus as The Top Investment Destination in 2021

Over the last 5 years, Cyprus has displayed tremendous growth in terms of attracting international investments. Despite the adverse circumstance surrounding the global pandemic in 2020, the island still emerged with new and attractive investment incentives and reforms that welcome the new year of 2021 with full confidence and a positive outlook for the Cyprus property market.     In 2018, Cyprus successfully regained an investment-grade credit

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Investments

Living in Cyprus: The Islands Favorable Tax System

Over the years, Cyprus’ favorable taxation system has become one of the underlying reasons why Cyprus is extremely attractive for international property buyers. Low corporate tax, relatively low-income tax, limited capital gains tax, and of course, no inheritance tax offers international property investors the living and operating conditions they cannot refuse. When proceeding with a purchase of a property in Cyprus, the taxation system is certainly

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Real Estate

How to find a Property in Cyprus With a Good Resale Value?

Before deciding to invest in a new property, every one of us considers the return of investment in case of a potential resale of this property in the future. Considering and understanding the potential resale value is vital in making the right choice. Even if you intend to live there for the rest of your life, it’s such a substantial investment that looking at it from

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Real Estate

The Top 5 Characteristics of a True Property Consultant Firm

In this article, we will look at the main characteristics that define a true property consultant. Your ability to differentiate and select the right partner for your next property search in Cyprus is paramount in ensuring that you will make a successful purchase and truly enjoy the experience of owning a property in Cyprus.  At Zillien Property consultants, we position ourselves as your guide, and this

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