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
When the Brexit transition period came to an end on 1st January 2021, UK citizens became “third country” nationals; a generic term describing non-EU member states.
Cyprus (particularly Paphos) is a hot-spot for Brits seeking a second home in the sun. But now, as third-country nationals, what Brits are permitted to purchase and the process of owning a property have changed.
Cyprus is a Mediterranean island that shelters in its boundaries a peaceful heaven. Around the world, the artificiality of life has seized people, but Cyprus nurtures a natural habitat that has the potential to reinvigorate life in one’s heart.
There are infinite benefits of having a property in Cyprus, but let’s list the finite ones:
Οι πολίτες της Λάρνακας έχασαν την ευκαιρία για μια τεράστια αναβάθμιση του κέντρου της πόλης που θα είχε ως αποτέλεσμα την αποκατάσταση της Λάρνακας στον τουριστικό τομέα. Αυτό σημαίνει πως χάθηκαν εκατοντάδες νέες θέσεις εργασίας, αλλά και πολλές νέες επιχειρήσεις.
The citizens of Larnaka have missed the chance to have had their city re-established within the tourism sector of Cyprus, as well as a huge upgrade of the downtown area. As a result, hundreds of new job and business opportunities are lost.
The number of new homes for which building permits have been issued so far this year, which suffered during the COVID-19 lockdown, have recovered and are now ahead of the number issued during the same period last year.
The statistical service reports that during July 2020 the number of bui... Read more
Many of us dream of living by the sea, and science shows coastal living could be beneficial for both our mental and physical health. Calvin Holbrook explores the therapeutic benefits of being in, on and by the ocean.
Long before seaside spas became fashionable for those wanting a slice of rest and relaxation, respite close to the sea was – literally – just what the doctor ordered. In the mid-late 19th and early 20t... Read more