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... Read more
BuyHome is proud to be named Best Real Estate Agency in Cyprus by the International Property Awards for the second year in a row, with the judges praising the company’s approach to design, quality of services and its commitment to innovation. This is not the only distinction BuyHome received, as it has also named Best Real Estate Marketing in Cyprus for 2019. These prestigious awards are a reflection of the work done by BuyHome and its commitment to excellence as well a... Read more
Purchasers of undeveloped land to build an owner-occupied primary dwelling may soon be able to obtain a partial VAT refund if a bill currently being prepared by the government is approved. THE GOVERNMENT is preparing a bill exempting from payment of the full 19 percent VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling. Currently, when someone buys a finished housing unit or apartment as their primary dwelling ... Read more
The number of building permits for the construction of new homes in Cyprus rose 32.8 percent in July 2018 compared to the corresponding month last year providing for the construction of 632 new homes.
THE TOTAL number of building permits authorized in Cyprus during July 2018 stood at 589 compared with the 492 authorized during July 2017; a rise of 19.7% and provided for the construction of 632 new homes according to official figures released by the Cyprus Statistica... Read more
Welcome to the Second Edition of the Buy Home Magazine. Welcome to our home!
In this issue, we are happy to announce that our company is moving forward with a major project in the Larnaka area, the construction of the impressive Larnaka Tower, a high-rise development that is sure to become a city landmark! [...] Click the button below to read Buy Home Magazine. Read more
Whether you’re looking for a property overseas to retire to or visit on holiday, or if you’ve seen something that looks like a good financial investment, there are a few things to consider before purchasing property overseas. 1. What is your reason for buying overseas property? This is arguably your single most important consideration when buying a property overseas, as it will have a direct influence on everything from your budget to the type of insurance th... Read more
For the second year in a row, Cyprus was ranked as the best country in Europe for acquiring second citizenship and passport in return on investment. CBI Index - ranking system that evaluates active citizenship by investment programmes
The countries that offer second citizenship by investment, these are the top 13 and their scores out of 100:
1. Dominica – 90
2. St Kitts and Nevis – 85
3. Grenada – 81
4. Antigua & Barbuda – 80
5. Sa... Read more
Your checklist before you go on holidays: 1. Fix any electrical outlet issues or at least switch off the water or electrical mains. 2. Arrange watering the plants and feeding your pets. 3. Wash and dry your sheets, check the laundry for any uncollected items. Check the laundry for any uncollected clothes. 4. Close all wardrobe doors to prevent moths and pests. 5. Clean the garbage and kitchen sink. 6. Consume or dispose any food that wouldn’t last until you’re back... Read more
The number of property sales in Cyprus continued to rise in July with the number of sales contracts deposited at Land Registry Offices across the Republic up 21percent compared with July 2017.
THE NUMBER of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during July 2018 rose 21 per cent compared to July 2017 according to official figures published by the Department of Lands and Surveys. This follows inc... Read more