Renting an apartment is a concept that is familiar to many of us. This is a convenient and common way to provide yourself with housing, especially when purchasing real estate may be unaffordable or irrelevant. Let's take a closer look at what exactly is meant by renting an apartment and why it can be a profitable choice for many people. Definition of renting an apartment: Renting an apartment is the...
Limassol in Cyprus stands out as a leader in property values and rental yields. The average price of three-bedroom housing in this resort town is 550,000 euros. Annual rental yields are 7.8% for studio apartments and 10.4% for one- and two-bedroom apartments, according to analysis by Zyprus Property Group based on data from the Central Bank of Cyprus. The rise in property prices in Limassol was...
Home sales to non-EU foreigners increased by 34% compared to August 2022 and accounted for 30% of total transactions. Although Limassol recorded a 15% decline in sales for this category of buyers, sales increased in the other four regions. Paphos was the leader in the number of transactions, followed by Larnaca, Limassol, Famagusta and Nicosia. Total sales of real estate to non-residents in the first...
The rise in house prices in Cyprus is due to both the increase in the cost of building materials and increased demand, according to the Estate Agents Registration Board. This trend was also reflected in the rental costs of both apartments and houses. According to data from the Central Bank of Cyprus for the first quarter of 2023, the house price index increased by 7.7% compared to the previous year...
The updated investment program of Cyprus attracts attention: the procedure for buying property, obtaining permanent residence and moving to the island. About changes in the rules for obtaining permanent residence Updates in the permanent residence program in Cyprus: positive, negative and neutral changes Changes made to the investment program for obtaining permanent residence in Cyprus in early May...
Almost fifty years ago, the amazing island in the Mediterranean Sea was divided into two parts - the Republic of Cyprus and the Turkish Republic of Northern Cyprus, which today is recognized only by Turkey. However, in recent years, interest in this region and real estate has increased markedly. This is due to several reasons: beautiful nature, the possibility of obtaining a residence permit, as well as...
Cyprus takes a place in the TOP-10 countries that are popular with Russian buyers of resort real estate. The reason for this is the attractive nature, favorable climate and beautiful beaches. However, the reasons are not limited to these factors. Unique residential complexes are being built in Cyprus, which are distinguished by their excellent location, the use of advanced technologies and unique...
