IN CYPRUS BUM Real Estate Construction

construction

In Cyprus, construction boom, as evidenced by data on the issuance of building permits. For 2017, the Republic granted permits for 1.7 billion euros, and in quantitative terms — 5728 permits for the construction of new real estate. On the whole, this is 54% more than last year’s permits. Leading positions behind Limassol (608 million euros), Nicosia (541 million euros) and Larnaca (217 million euros).

More than one and a half times the area of ​​real estate has grown. Most of them are large multi-storey and office buildings, as well as residential complexes. The first place in terms of the number of construction permits is Nicosia (2047), followed by Limassol (1730), followed by Larnaca (894). The five leaders of Paphos (816) and the free territories of Famagusta (241) are closing.

The cost of detached buildings is approximately 609 million euros, residential buildings, including offices, shops, etc. — 228 million euros, multi-storey buildings — 206 million euros, houses and maisonettes — 124 million euros.

Read all news

Conditions for obtaining a permanent residence permit in Cyprus

Conditions for obtaining a permanent residence permit in Cyprus

Purchase of a new residential property in Cyprus with a minimum value of €300,000 (plus VAT – 19% or 5%). Proof of a guaranteed annual income of at least €30,000 from abroad is required. The amount is increased by €5,000 for each family member (spouse and children) and €8,000 for each parent of the main […]

Read more
Installment plan for the purchase of real estate.

Installment plan for the purchase of real estate.

The company – “CYPRUS FOR INVESTMENTS LTD” – offers its clients an interest-free installment plan for the purchase of new property in Cyprus: Installment term – up to 24 months; The first installment is only – 40%; Early repayment is welcome; Security and fixing of payments – only bank transfer according to the details of […]

Read more
Bitcoins in exchange for real estate in Cyprus

Bitcoins in exchange for real estate in Cyprus

In 2021, the population of our planet has adapted to the pandemic, which brought inconvenience and innovation to our lives! Each state suffers losses in the economy and falling GDP. But there are also pluses, one of which is the development of digital currency! Several developers in Cyprus (our friends and partners) have developed a […]

Read more
Real estate agent or developer?️

Real estate agent or developer?️

Dear clients, in this topic we would like to briefly describe the activities of our company, as well as indicate 5 reasons why you should contact a real estate agency when selecting real estate! The agency’s commission is paid by the developer, the size of which, as a rule, is the same for everyone on […]

Read more
Cyprus No.5 in the world

Cyprus No.5 in the world

The international health organization has identified a list of 10 countries in the world that were able to cope with the COVID – 19 virus better than others. We are proud to announce that the Government of Cyprus has adequately coped with the difficulties and has saved its population from a terrible disease! Also, a […]

Read more
Advice on the selection of real estate in Cyprus

write, we are online