Cyprus is facing a housing crisis, as young couples are locked out of the property market by skyrocketing prices, while supply is quickly diminishing due to thousands moving to the island.
After 10 years of zero growth, property owners are calling for the repeal of the Tenancy Law
Almost 10,000 highly skilled and highly paid Ukrainian refugees have joined the island’s work force, paving the way for a number of socioeconomic and demographic changes to the structure of Cypriot society.
Ask Wire, combining real estate know-how with technology, has published its Q1 2023 edition of the Ask Wire Index for property sale and rental values. The Ask Wire Index covers all districts and main property types, with values from Q4 2009.
In an attempt to attract foreign investments to the Island and help economic growth, the Cyprus government in March 2021 revised Regulation 6(2) of the Aliens and Immigration Regulations. These amendments were in tune with the government’s general objectives at the time to stimulate and increase foreign investment in areas other than real estate. Last Friday, […]
On April 22, in a move that came as a surprise to many, the Ministry of Interior of Cyprus submitted to the Council of Ministers a number of reforms to the Criteria of granting Permanent Residency to Investors under Category 6.2. The Minister of Interior Mr Constantinos Ioannou noted that the goal, was to “shield […]
A step by step guide to buying or renting property in Cyprus.
Any Properties for sale in South Cyprus should have a Title Deed.
For property investors, the intelligent analysis of the financials behind their investment property acquisitions are crucial to their success. Investors need to be focused on the return on investment or ROI their potential property purchase will deliver, and this is where property yield comes in to play.
Legal and Tax Guidelines on Buying and Selling Property in Cyprus.