We are delighted to present to you the ninth edition of the KPMG Cyprus Real Estate Market Report – The Insights, which provides insightful leads into the Cypriot economy and the local real estate market. The purpose of the report is to provide an overview of the Cypriot economy and to assess the performance of the real estate sector. Overcoming the challenges of recent years, the Cypriot economy has followed a solid growth path and has maintained its status as one of the fastest growing e... Read more
May your heart and home be filled with all of the joys the festive season brings. We wish you a merry Christmas season in friendship and good health, and a Happy New Year! Buy Home Estate Agency Read more
Investors from Russia, Israel, Lebanon, China and elsewhere have made significant investments in Cyprus real estate, Insider reported on Monday. It said that through the Bank of Cyprus alone, investors have clinched significant real estate deals which not only helped the bank sell expensive property but also led to construction to begin on large developments. The 35 most significant transactions by the Bank of Cyprus, excluding the €149m deal with Pangai, total €450m. Of these, the 1... Read more
The economic growth and fiscal performance of Cyprus continued to surpass expectations during H1 2018, with GDP expected growth of 3,6% for 2018, positioning Cyprus amongst the high accelerating economies of Europe. Employment is growing across most sectors of the economy leading to a sharp reduction of the overall Cyprus unemployment rate. According to Eurostat data, in August 2018, Cyprus recorded the largest annual unemployment drop in Europe, shrinking to 7,5% compared to 10,5% in Augu... Read more
BuyHome is proud to be named Best Real Estate Agency in Cyprus by the International Property Awards for the second year in a row, with the judges praising the company’s approach to design, quality of services and its commitment to innovation. This is not the only distinction BuyHome received, as it has also named Best Real Estate Marketing in Cyprus for 2019. These prestigious awards are a reflection of the work done by BuyHome and its commitment to excellence as well a... Read more
Purchasers of undeveloped land to build an owner-occupied primary dwelling may soon be able to obtain a partial VAT refund if a bill currently being prepared by the government is approved. THE GOVERNMENT is preparing a bill exempting from payment of the full 19 percent VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling. Currently, when someone buys a finished housing unit or apartment as their primary dwelling ... Read more
The number of building permits for the construction of new homes in Cyprus rose 32.8 percent in July 2018 compared to the corresponding month last year providing for the construction of 632 new homes.
THE TOTAL number of building permits authorized in Cyprus during July 2018 stood at 589 compared with the 492 authorized during July 2017; a rise of 19.7% and provided for the construction of 632 new homes according to official figures released by the Cyprus Statistica... Read more