Cyprus on Wednesday approved a series of changes to its much-criticised Citizenship for Investment scheme, so it becomes “more targeted and trustworthy”, said Finance Minister Harris Georgiades.   The Cabinet approved new criteria which will see a Cyprus passport being granted in exchange for an investment of €2.5 mln, raising it from €2 mln, including the purchase of a residency. Provision was also made for a mandatory donation of €75,000 to the Resear...
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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...
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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
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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...
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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...
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