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Cyprus Property sales continue to rise 2018

Cyprus continues to expand and is the fastest growing country in the EU. Tourist beds will rise in Famagusta by 3000 in 2018. All sections of the economy are expanding rapidly and are expected to grow even more in 2018. 

During the first eleven months of 2017, the number of new homes for which permits have been issued rose by 41.9% to reach 4,614. Of those 4,614 new homes, 1,766 are being built in Limassol, 1,270 in Nicosia, 711 in Paphos, 601 in Larnaca and 266 in Famagusta.

According to the Cyprus Statistical Service, building permits constitute a leading indicator of future activity in the construction sector.

The number of new homes in Cyprus for which building permits have been issued rose by 93.0 percent in November 2017 compared to November 2016 according to the Cyprus Statistical Service.

Its now looking more like Cyprus will become the safest Mediterranean island and property prices will rise quickly with a quick recovery from the 2013 crash. 

Its time to start looking for your dream holiday or permanent residence before its too late and prices reach heights only millionaires can afford.

Contact us today for more information or browse all our properties in Cyprus 

Cyprus Property sales continue to rise 2018

 

cyprus_passport

Cyprus Citizenship Passport

Cyprus Citizenship Passport  

The Cyprus government has approved a revised citizenship-by-investment scheme, Cyprus Citizenship Passport . Designed to further encourage investments in the island’s economy by non-Cypriot businessmen and investors.

THE COUNCIL of Ministers approved on Tuesday the 13th September 2016, a revised scheme for granting Cyprus Citizenship Passport to non-Cypriot entrepreneurs/investors.
In statements to the press on Wednesday, Minister of Finance Harris noted that the revision of the scheme aims to encourage real investments that would benefit the economy.
The government, he said, wants to attract investors who will chose Cyprus as their basis of residence and economic activity.
Investments should be kept for three years and companies in which investments are made should employ at least five Cypriot citizens.
The most important change, Georgiades said, is that the revised scheme abolishes the provision for collective investment of €12 million, which is being replaced by an individual investment of €2 million and the purchase of a residence worth at least €500,000.
The new scheme, terminates the provisions for the granting of citizenship to those with bank deposits worth €5 million. Also to persons whose deposits have been impaired due to the measures implemented after the 15th March 2013 and those who purchased bonds worth €2.5 Million read more about it here

Contact us today for further information michael kors tasche blau michael kors tasche blau

Cyprus Property Prices at lowest levelsCyprus Property Rises 2016

Cyprus Property Rises 2016 sales in Cyprus seem to be showing signs of recovery, after March saw a significant increase, up 19% in sales compared to March 2015.

According to the island’s Land Registry data, which looked at the total number of property sale contracts submitted to the Registry, the sale contracts reached 539 in March this year, compared to 452 in March 2015.

Meanwhile, the first quarter of 2016 recorded 1367 of sale contracts compared to 1098 in the corresponding quarter of 2015, recording an increase of 24%.

Significant growth in Cyprus Property Rises 2016 was also recorded in sales from foreign buyers with an almost four-fold increase in sales by foreign buyers at 157 sales this March compared to just 41 in March last year.

In Nicosia, March sale contracts recorded a small decrease of 1% reaching 82, compared to 83 in March 2015.

In Limassol, sales increased in March by an impressive 23% to 197 compared to 160 in March last year.

Larnaca also recorded a 23% rise – with 121 sales compared to 98 in March 2015.

Meanwhile, Famagusta recorded an impressive 94% spike in sales recorded in March compared to last year, although the number of sales compared to other towns was significantly less – at 33 sales in March compared to 17 in 2015 of the same month.

There was also some respite for Cyprus Property Rises 2016 in Paphos with a 13% rise, with 106 sales recorded compared to 94 in 2015.

 

Courtesy The Cyprus Weekly

michael kors handtasche michael kors handtasche

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We're just back from Cyprus and wanted to let you know that we managed to get a new one bed apt from the developers you told us about and that we are very pleased with. Could you please let Cris know how helpful...

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