Real Estate

Business

Cyprus apartment, rental prices rise by 10%

Cyprus’ property market experienced price growth across most categories in the first quarter of 2024, according to the latest RICS Cyprus Property Price Index with KPMG in Cyprus. Apartments led the surge, with both sales and rental prices rising by around 10% year-on-year. Compared to the same period in 2023, apartment sales prices increased by 9.30%, while houses saw a more modest increase of 5.49%. Commercial

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Business

Cyprus economy slows down in fourth quarter amid regional tension

Cyprus’ Composite Leading Economic Index (CLEI), a key economic indicator compiled by the University of Cyprus’ Economic Research Centre (CypERC), remained positive in the fourth quarter of 2023, albeit while experiencing a slowdown during this period. The centre noted that the ongoing deceleration of the index underscores the challenges posed by a geopolitical environment rife with tension, combined with a broader sense of economic instability, on

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Business

Mortgage of a share of a plot

The mortgage burdens the share of the plot and the building and not the apartment During the construction of apartment buildings, in their attempt to sell apartments, developers often facilitate buyers in securing a loan from a bank by offering a mortgage on a share of the plot or land that corresponds to the apartment. They believe they are helping the buyer and that the other

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Business

Swapping a house for an apartment

The question of whether to swap a house for an apartment comes up quite regularly for homeowners who have reached a certain age. Circumstances change. Children grow up and leave home, older people are not as active as they used to be and finances are not as healthy as were when their house was built or purchased. When investing in a house for a family with

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Business

Cyprus leads EU in cross-border investment services

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement came following a session of the House Finance Monday on Monday, where Theocharides presented the commission’s budget for 2024. The CySEC chairman also outlined the commission’s plans to introduce a regulatory framework for crypto-assets from 2025.

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Business

Συναρπαστικές Εξελίξεις στην Κυπριακή Κτηματαγορά: Μια Επισκόπηση των Τελευταίων Τάσεων

Η Κύπρος εδώ και καιρό αποτελεί ένα σημαντικό κέντρο ενδιαφέροντος για την κτηματαγορά, και πρόσφατες εξελίξεις αποτελούν την απόδειξη της συνεχούς ανάπτυξης και της έλξης της αγοράς ακινήτων σε αυτό το όμορφο νησί της Μεσογείου. 1.* *Άνοδος των Smart Homes: Η τελευταία τάση στην κτηματαγορά της Κύπρου επικεντρώνεται γύρω από τα smart homes. Οι κατασκευαστές ενσωματώνουν προηγμένη τεχνολογία σε νέες κατασκευές, προσφέροντας χαρακτηριστικά όπως οικιακή αυτοματοποίηση,

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Real Estate

Staging the home you are selling

When it comes to selling a home, there are many factors to consider in order to attract potential buyers and secure the best possible price. One important aspect of the process is staging the home, which involves arranging furniture and decor in a way that showcases the property’s best features and creates an inviting atmosphere. Here are some reasons why staging a home is so crucial

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Business

The importance of pricing a home correctly when selling

Attention home sellers! Pricing your home correctly is one of the most important factors when it comes to a successful sale. Here’s why: It’s important to work with a knowledgeable property consultant who can help you price your home competitively based on current market trends and comparable sales in your area. Don’t risk losing out on potential buyers by overpricing.  Contact Zillien Property Consultants to help you

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Business

Bad tenant register suggested as way to normalise rental prices

Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus. “The troubling situation with rents is growing as inflationary pressures mount and household disposable income is squeezed,” Kineyirou said. “At a time when everything is getting more expensive, we see that the whole issue is becoming a subject of discussion not only

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