Cyprus has become an even more attractive business base for non-European entrepreneurs and investors, who are now eligible for Cypriot citizenship in light of the recently revised Cypriot Citizenship Scheme. The revised scheme will further boost the island’s economy, with foreign investments set to continue to rise. Notably, the scheme offers a fast track procedure, with the same rights given to the investor as any European Citizen.
Based on the performance of the property market in Cyprus in 2015 and the beginning of 2016, Buy Home predicts that the sector’s transaction volume will not see a dramatic increase over the course of the year. According to statistics and trends, the price of prime assets will reach an all-time low and secondary asset requests, while the market will see an almost complete lack of demand for secondary assets. OVERVIEW According to a report put togethe... Read more
According to research collated by the Global Property Guide, the average price per square meter for an apartment in Cyprus’ biggest financial or administrative cities in August 2014 was €1,790. This number was based on findings from properties in excellent condition which were refurbished or redecorated within the last five years. Newly-built and pre-sale property prices are not included. The average price per square meter and indeed the Housing Index in Cyprus in general continued to d... Read more
Buying a property in Cyprus includes a number of additional property purchase costs and services including realtors’ and lawyers’ fees and stamp duty. The question is, how high are these costs and how easy is it the property purchase process in the island? Foreigners looking to invest in property in Cyprus are only able to purchase one home, and although th... Read more