Cyprus is changing, and it will change even more in the next few years with new high rises and multi-storey buildings sprouting up, mainly along the island’s coastal front in Limassol, Larnaka and Paphos.
The citizenship-by-investment scheme and other incentives approved in recent years have made Cyprus an attractive destination to attract both businesses and investors.
Welcome to the Third Edition of the Buy Home Magazine. It has been mostly good news for Cyprus’ economy this year, with growth returning across all sectors of the economy. Construction and Real Estate market delivers record levels of performance. The island nation’s economy is on track to grow by 3.5 percent in 2019, double the European Union average.
The good news is that Cyprus government has signed $9.4 billion a... Read more
We are delighted to present you the 5th edition of the PwC Cyprus Real Estate Market publication. The publication provides information about the Cyprus economy in general and a snapshot of key real estate market developments, focusing on the performance of the sector during 2018.
You can download the full report by clicking the button below.
Cyprus has struck a production-sharing deal for the Aphrodite gas reservoir worth over $9 billion over 18 years between the government and the Noble Energy, Delek and Shell joint venture (JV).
Based on published reports, the agreed profit split is now about 57 per cent to Cyprus and 43 per cent to the JV. So the total profit would be $16.7billion. The development cost, including operations and maintenance, is report... Read more
The number of property sales in Cyprus rose sharply in May 2019 with Paphos and Limassol districts recording the highest number of transactions. And this could be related to the recent implementation of new criteria on the Mediterranean island’s popular citizenship for investment scheme.
Figures released by the Department of Lands and Surveys show that Paphos is leading the way where sales more than doubled compared... Read more
The main changes to the Cyprus Investment Programme which will take place on the 15th of May 2019.
Investment requirement for residential properties is kept at €2,000,000. Investment in other sectors is €2,500,000. Any application which includes resale property already used for a previous Citizenship application by another applicant, increases the amount of investment for the New Application to €2,500,000.
A donation of €75,000 for Research and Innovation will be mand... Read more