Located in the Southeastern Mediterranean with its sun-soaked coastline and historic cities, the island nation of Cyprus has been enticing foreigners from all around the world for living for decades.
According to statistics, one-fifth of Cyprus population are foreigners. For people who want to invest and live in Cyprus, one of the questions that arise is the cost of living. As you know, the population of foreigners ...
Read more
The mild winter temperatures are perfect for enjoying the self-guided cultural walk around Larnaca city, but if you are unable to participate on foot, you can still enjoy discovering all the sights at home via the new ‘Larnaka Cultural Walk Virtual 360°’ project.
The innovative virtual tour beautifully showcases 30 of Larnaca city’s most popular and significant landmarks and places of interest; split into three cate...
Read more
In the first three months, house prices, as measured by the House Price Index, increased by 5.8% in the euro area, 6.1% in the EU but decreased by 5.8% in Cyprus compared to the same quarter of the previous year, according to Eurostat.
Cyprus has long been a popular holiday destination. Many of us have relied on this fact for our financial stability, making money off tourism and foreign investment. Because of the island’s centrality, people from Europe, Africa, and the Middle East are regular visitors. This is why the property market is so dependent on borders being open.
Unfortunately, over the past year we have seen how easily the economy can be...
Read more
While uncertainties remain, the Cyprus property market will continue to strengthen, with once-neglected Larnaca appearing as the most attractive town for investments in real estate.
An industry survey carried out by Danos/BNPRE Group reveals that Larnaca will be at the forefront of the property market, seeing an overdue boom.
“Developers, real e...
Read more
Rental income and capital gains of Cypriot real estate
Larnaca is seventh on a ranking of the ten most-booked travel destinations by UK nationals this year.
The Valencia, Spain-based analytics firm Forward Keys has provided the ranking based on comprehensive ticketing data covering the globe from online bookings to travel agencies and airlines. The air ticket data are for tickets issued from June 4 to September 21, 2021 compared with the same period in 2020.
By taking into consideration as a guide the positive outlook in other property markets such as EU, UK or even USA, and by relying on the prevailing market conditions of the Cyprus property market it seems safe to consider that 2021 will be a year of stabilization.
Here are some reasons that support the stable-positive outlook of the Cyprus Property Market:
The report provides insights on the economic overview of Cyprus and that of the Real Estate sector, as well as the results of the Cyprus Real Estate Pulse survey conducted in December 2020. The report also captures the impact of the pandemic outbreak and the recent termination of Cyprus Investment Programme.
You can read the report by clicking the download button below.
There is a lot to consider when you’re moving into a new home. And while we often consider moving steps like packing and unpacking to be the only major things standing in the way of fully settling in, it’s actually the things that you do after moving into a new home that make the biggest difference. Getting associated with your house, learning how it functions, and prioritizing what projects you want to tackle is part and parcel of taking on your role as a homeowner—a...
Read more
View our Magazine 
Subscribe to our mailing list to receive latest edition of the Buyhome Magazine
