Investments

Business

Real estate sector resilience to be tested in coming months

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become more challenging in the coming months as households’ purchasing power will continue to be squeezed, while businesses are likely to put off any major investments for a later time. “At the same time, the upcoming increase

July 29, 2022 No Comments

Business

The quality of a house depends on certain criteria

We are very often faced with the question of whether improving the quality of a project will pay off. This is not an easy question and the answer depends, amongst other things, on what the quality is and whether the cost of higher quality is affordable for the wide market. The main criteria in terms of quality, is the location. The better the location, the availability

July 22, 2022 No Comments

Business

Increasing the chances of selling an older house

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

July 13, 2022 No Comments

Business

Things looking grim for real estate sector

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

July 1, 2022 No Comments

Business

‘Construction sector can support Cypriot economy in difficult times’

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

June 17, 2022 No Comments

Business

‘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

May 27, 2022 No Comments

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

December 23, 2021 No Comments

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

January 31, 2021 No Comments

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

January 8, 2021 No Comments

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

December 14, 2020 No Comments

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