Buy Cyprus Properties in Paphos Cyprus

Cyprus’ real estate market is not showing any signs of slowing down

Cyprus’ real estate market is not showing any signs of slowing down, fuelled by foreign buyers, as 2023 is close to becoming the best year since 2008 when a global property crisis kicked in. Real estate has proven resilient, but stakeholders continue to bank on rising foreign investment despite uncertainty prevailing in the economic environment due to the energy crisis, ...

Real Estate company acquisition announcement from our CEO

Subject: A New Horizon in the BuyCyprus Vision: Uniting Excellence Dear Valued Clients and Partners, Today marks an extraordinary juncture in our journey—a moment that underscores our unswerving commitment to excellence within the realm of Cyprus's real estate. With a profound sense of anticipation, we are delighted to announce the seamless integration of PaphosProperti...

LATEST VAT NEWS ON PROPERTY IN CYPRUS

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate of 5 per cent levied on first homes. The discounted VAT – the full rate is 19 per cent – will apply to the first 130 square metres of a first home – for single dwellings and apartments alike – and up to a value of &euro...

Property sales in May rose 34 percent compared to the same month last year

Property sales in May rose 34 percent compared to the same month last year according to official statistics from the Department of Lands and Surveys. The total number of sales (as measured by the number of contracts deposited at Land Registry offices) in May 2023 reached 1,526 compared to 1,143 deposited in May 2022. Sales rose in all districts. Limassol recorded the hig...

Property price & rental index Q1 2023

The 54th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus districts and main property types. Market values year-on-year A year-on-year comparison of values shows an increase in all asset classes, with the largest evident in Apartments, f...

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS Are you looking to move to Cyprus from another country? You might be interested in the expedited Immigration Permit process. After receiving approval from the Council of Ministers, the Minister of Interior released its latest review of Immigration Permits to third-country na...

RECORD SALES IN MARCH 2023 SINCE THE RECORDS BEGAN

RECORD SALES IN MARCH 2023 SINCE THE RECORDS BEGAN March saw the second highest number of property sales in the month since records began in 2000. On the one hand Cyprus, which has always ‘benefitted’ from trouble in the region, has strong interest from abroad due to Vladimir Putin’s war in Ukraine and also government incentives to attract foreign comp...

Property sales to non-EU citizens more than doubled in the first two months of 2023 compared to the same period in 2022 according to official figures from the Department of Lands and Surveys.

Property sales to non-EU citizens more than doubled in the first two months of 2023 compared to the same period in 2022 according to official figures from the Department of Lands and Surveys. Speaking at the opening of the 5th Property Show, last Friday evening in Nicosia, head of the Department Elikkos Elia noted that non-EU citizens from Russia and the UK were the two l...

The RICS Cyprus Property Price Index with KPMG in Cyprus reveals that property purchase and rental values continued to rise in the fourth quarter of 2022.

The RICS Cyprus Property Price Index with KPMG in Cyprus reveals that property purchase and rental values continued to rise in the fourth quarter of 2022. According to the Index, the fourth quarter of 2022 saw a further increase in the price of residential properties (apartments and houses), both of which continue to be relatively strong performers over the quarter. Offic...

REAL ESTATE SALES CYPRUS 2022

Despite the property market generating €6 billion in sales in 2022, real estate agents expect a challenging 2023. Releasing its quarterly “Real Estate Market Bulletin”, the Cyprus Real Estate Registration Council said that the value of real estate sold last year was €5.85 billion. The Council appeared satisfied, noting that “against ...