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
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
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
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
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
Below we have listed some of the interior design trends that you should follow in 2020. Vintage Accents “One thing we’re starting to see is more of a nod to vintage and traditional detailing — things like spooled legs, spindles, and other things we saw in furnishings from the 1800s and early 1900s,” says interior designer Bria Hammel, CEO of Bria Hammel Interiors. Navy Blue If you
When you are considering selling or renting your home, you should also consider how real property consultant’s experience could help you in this step. They are the ones that know everything from different regulations to small things like the best place to look for buyers. In this article, we are sharing with you the most important reasons why you need a real property consultant when selling
Cyprus and specifically Limassol are presently going through a period of heavy development. The latest records on building permits show a dramatic and continued increase from 2017 until this very day. Rental prices and property values are increasing with high-rise buildings and large-scale projects being built uninterruptedly and changing the Limassol landscape. Business-Friendly Environment Numerous factors are adding to the rise of the need for real
Millennial home buyers have entered the housing market in a big way. This group is now considered to be the largest group of home buyers. If you are thinking of selling your own home, these are the things you have to know before you do so. Perfection First 68% of millennials say they will use their first home as a stepping stone towards their dream home,
