Homes that are 30-40 years old are likely to need improvements to meet today’s standard of living, especially houses which were built according to the owner’s specifications at the time. This is particularly important if you are thinking of selling at any point. Regrettably, nowadays, houses are like a car, in that each year a new model comes on the market with all sorts of added
Our office spoke over the phone to a Reuters journalist who wondered why there has been no strong reaction from Cyprus to EU proposals such as banning the purchase of real estate by Russians (and Russian companies) in member countries. We have been informed that at this stage there is no provision for rentals, only real estate purchases, but who knows what will follow. The position
We are pleased to inform you that Zillien Advertising Agency (Zillien Property Consultants) and Click Home Cyprus Real Estate (Reg num:1042, 486/E) merge and this move is an excellent step for both companies which continues to push into new services and opportunities that further expand its relationship with customers. With a new name ‘Click Home Property Consultants‘ The new services that we will be provided with
Cyprus Land and Building Developers Association general manager Mersina Isidorou on Tuesday said that the Cypriot construction sector can help the economy withstand the challenges that it is being faced with. “Our industry is essentially Cyprus’ heavy industry,” Isidorou said, adding that it should once again assume the role of the core pillar of support and help the economy overcome the difficulties and challenges that have
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
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
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
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
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
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
