Cyprus Real Estate, News and Property Market Reviews

Cyprus is set to become more and more popular with foreign property investors, an industry expert has said. Overseas property development firm, Pafalia, has recommended that Cyprus is likely to become considerably more popular with investors, a development which should push up house prices in many areas. Simon Cozzolino, a property consultant with property development [...]

The tourism industry in Cyprus recorded an increase in the number of foreign arrivals in 2007. The Financial Mirror revealed that it was nearly 11.2 per cent more than the amount recorded in 2006. The tourists include people from various European countries, as holidaymakers came from places such as Germany, Greece and the UK. These [...]

Justin Rix, international tax director at Grant Thornton, has said that many British retirees are relocating to Cyprus in order to take advantage of various tax benefits. Mr. Rix has said in an interview to Telegraph that pensions from abroad may be taxed at the rate of 5% for amounts in excess of CYP 2, [...]

The Cyprus Property Action Group (CPAG) and The Cyprus Land and Property Owners Association (KSIA- www.ksia.org.cy) have stick together to look at ways of protecting the rights of immovable property buyers in Cyprus. KSIA, recognized as a Cypriot legal body in 1964, is affiliated to the Cyprus Chamber of Commerce and Industry (KEVE) and is [...]

Turkish Cypriot President Mehmet Ali Talat said at a meeting of the Center for Eurasian Strategic Studies (ASAM), that talks of reunification of the Mediterranean island of Cyprus will continue in June. He confirmed that preliminary talks between the representatives of both sides are in progress. This significant reunification talks between the leaders of the [...]

The Home Move website has stated that Cyprus’s appeal as an investment market is spreading across the world and it has attractive financial propositions. Cyprus property deals till September, 2007 surged by a stunning 42% and that amounts to CYP 1.7 bln or EUR 2.9 bln from CYP 1.19 bln in September, 2006. Due to [...]

Cyprus is proving to be highly popular among expatriates from Britain as it offers both lifestyle benefits and investment opportunities, according to experts. Expat Network said that many people from the UK particularly retirees are interested in setting up home in another country. Sheila Hare, director of Expat Network, commented that Cyprus is one of [...]

Forbes mentioned about the government’s official figures as the country’s gross domestic product in 2007 was 4.4 per cent up on the previous year and these figures confirmed the continued economic growth of the island. Cyprus’s economy is 71.3 percent free and this makes it the world’s 22nd freest economy. Inflation rate is fairly low [...]

Cyprus is getting more popular with the increase in demand of rental property as many holidaymakers are now utilizing the Internet for online bookings. Property expert David Peters said that online booking has become very popular with British consumers, as it is easier than spending hours waiting for a high street agent. The internet is [...]

Gary Clayton, Principal International, UK’s leading overseas property investment company has said that Cyprus has lot to offer for any overseas property investor, with the onset of the euro, cheap flights, low interest and booming tourist industry, Property investment is showing good returns. Cyprus adopted euro On January 1st 2008 and joined the rest of [...]