Changes in prices on the residential real estate market show a positive result, they are displayed in two indices compiled by the Central Bank of Cyprus and the Royal Institute of Certified Assessors of Cyprus (RICS). In 2017, for the first time since 2010, both indices showed positive dynamics. During 2018, a further increase in residential property prices was recorded. The Central Bank index showed growth at the level of 2% (third quarter of 2018), the RICS index – at the level of 7%. This index also takes into account the price dynamics of the commercial real estate market (retail space, warehouses and offices). In 2018, office prices rose by 9% in annual terms.
At the moment, the real estate market in Cyprus is very active, with a good response from buyers: houses and apartments with an optimal price-quality ratio diverge quite quickly. Timely investment in Cyprus real estate opens up the possibility of business diversification and guarantees a stable income. Taking into account the time factor, popular wisdom […]
Grounds for obtaining a Pink Slip in Cyprus for foreign citizens. To obtain a Pink Slip residence permit in Cyprus, at least one of the following conditions must be met: In order to obtain a Pink Slip residence permit with the possibility of its subsequent extension, it will be necessary to submit the relevant documents […]
If this is your first transaction in Cyprus, it is better not to take risks and act through a realtor or organization. You can contact our experts for advice and direct assistance. Remember that the independent execution of all papers is a long, complicated and often incomprehensible process. Documents in a foreign language are perceived […]
Buying a property is still the most profitable investment in Cyprus. This is because local residents have no other alternatives where they could invest money. By the way, interest rates on deposits remain at a very low level: 1.29% for individuals and 1.27% for legal entities. In turn, the Cyprus Stock Exchange also offers a […]
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