Magnificent ecology, the sea and the sun are constant factors in the growth of real estate prices in Cyprus. This market is constantly growing, thanks to which the capital invested in housing is also constantly increasing. It is also necessary to take into account the fact that there is less and less land for development on the island. Accordingly, there are no objective reasons for a decrease in demand.
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ReLux Estates Agency is the the 'Best Luxury Real Estate Consultancy in Cyprus' 2024
Thrilled to share the news that ReLux Estates Agency has been officially recognized the the 'Best Luxury Real Estate Consultancy in Cyprus' at the 2024 Luxury Lifestyle Awards! This recognition is a testament to our team's...
Limassol to Boast Cyprus' Tallest Building: A Landmark in the Making
The ambitious Aura project, poised to be Cyprus's tallest structure at 181.5 metres boasting 44 floors, has secured permission for its construction along the Limassol coast. Nonetheless, its approval has not been without contention and...
Strengthened Measures to Combat Illegal Real Estate Agents
The Cyprus Real Estate Agents Registration Council has announced that it has increased its efforts to combat illegal real estate agents and has taken legal action against individuals and entities suspected of breaking the Real Estate...
Efficient Title Deeds Issuance Process Unveiled
On Thursday, Interior Minister Constantinos Ioannou emphasized "significant improvements" in the property Title Deed examination and issuance process. He claims these improvements will help reduce the average processing time from...
Rising Popularity of Short-Term Rental Properties in Cyprus: A Growing Trend
As per Yiannis Kotzias, general manager of operations at Phaedrus Living, a prop-tech residential rental platform, short-term rental properties are rapidly becoming a mainstay in the accommodation choices of both travelers and locals in...
Enhanced Legal Protection for Cyprus Property Buyers
The Sale of Real Estate (Special Execution) Laws of 2011 to 2020 have been amended to provide those purchasing real estate in the Republic of Cyprus with greater legal protection.
The amendments mandate, among other things, that a...
Cyprus Gives Green Light to 'Photovoltaics for All' Program: A Step Towards Sustainable Energy
The "Photovoltaics for All" program, which will subsidize up to 6,000 homeowners to install solar systems on their roofs, has received approval from the Cabinet and will go into effect at the end of next month.
According to a...
Positive Response from Europe: Reduced VAT on New Homes
The finance minister announced on Monday that the European Commission has approved the application of the reduced 5 percent value-added tax on first-time homes in Cyprus.
Speaking to reporters after a polite meeting with the newly...
Rising House Prices and Rents: Q2 to Q3 2023 Market Update
According to data from Eurostat, EU rents and home prices grew by 0.8% in the third quarter of 2023 when compared to the second quarter of the same year.
In the EU, rents increased by 3.0% but house prices fell by 1.0% from the third...
Real Estate Market Hits Record High: Sales Reach Peak Levels
With 15,567 contracts deposited with the Department of Lands and Surveys, property sales in 2023 reached the highest level since 2007.
In 2007, sales hit a record 21,245 units. However, the global financial crisis—the worst...
3 reasons to buy property in Cyprus
Property owned by foreigners in Cyprus is protected by the law
Property rights in Cyprus are strictly respected, therefore there are now reasons to worry about your capital. Even in the event of political changes, the status of investors remains untouchable and is guaranteed by the government.
Owning a house or apartment on an island is not only an indicator of status
Owning a house or apartment on an island is not only an indicator of status. This is an opportunity to diversify investments that help you to get a stable income and be sure that your capital is safe.
Minimum taxes on the sale and acquisition of real estate
In Cyprus, unique taxation conditions have been created to minimize indirect costs. An additional bonus is the possibility of obtaining a residence permit. If you are interested in the possibility of a change in status, we recommend that you study our website or contact managers.