Cyprus is quite attractive for the Russian real estate investors and this came about for many reasons. The island has mainly been on the radar of British buyers, due to the countries' historical ties, strong tourist market and attractive tax treatment - particularly for expats and retirees who pay just 5% tax on pensions, an incentive that may disappear with Brexit.
Depending on the first degree of each graduate, and after examination of the application by the relevant committee, the graduate may secure professional certification by ETEK in the field of Land Valuation, after attending some additional courses from the Neapolis University Master in Real Estate Valuation and Development.
2018 saw a vigorous 6% growth in the overall property market, with industry experts predicting that the value of property will follow the same healthy pattern - albeit prices being held down somewhat by the surge of new projects being developed simultaneously and repossessed properties returning to the market.
It is important to note that when purchasing a home in Cyprus there are many taxes and levies included in the purchase of your home that you may not be aware of. It is very important that you work closely with your real estate agent and ascertain exactly how much the total of your home will be following the inclusion of taxes and other charges.
Multi-billion projects are on the way and in combination with the reforms in the banking sector as well as the reforms in relation to property transfer fees, VAT and capital gains tax, the issuance of title deeds and the political stability are boosting the real estate market proving the confidence and trust foreign investors place in Cyprus.
The Cyprus weather forecast is another main element for the amount of visitors to the island with guaranteed sunshine and clear skies from April to October, mild winters, still with lovely sunny days but colder when the sun goes down, making this a genuine year round destination.
In concluding I would like to say that we do not expect that local property values will reach the U.K.'s price reduction of 25% (commercial properties) and the 15%-20% for residential, but some ill affects will certainly reach us. Again on a positive note local banks are not known for their aggressiveness so the pressure placed on the clients will not cause them necessarily to rush and sell.
With a wide array of unique real estate options to suit individual needs and preferences, properties for sale in Cyprus include stunning beachfront villas, beautiful countryside houses and exquisite mansions; so if you are looking to buy a dream house for permanent residency, a luxury holiday home for carefree vacations or to secure a permanent residence permit visa or the Cyprus passport , this is where you will find the finest villas for sale.
Limassol is the second largest city in Cyprus, located on the southern coast and is considered a cosmopolitan and historical city, widely known for its timeless real estate investment value. We solve both general problems associated with property purchases in Cyprus, and we appreciate that each client has individual requirements and personal preferences.
Boasting an extensive portfolio of Cyprus properties , from budget apartments to luxury villas, and even custom-built residences, you're sure to find your ideal Cyprus property to suit their tastes and budget. Resale properties should have the title included in the sale, and those that don't should be avoided or scrutinized by a lawyer, said Ms. Morphis, whose agency has the villa listing.
During the first three quarters of 2018, property sales in Cyprus rose by 21% to 6,706 units from a year earlier, based on figures from the Department cyprus real estate of Lands & Surveys. Wide range of commercial properties (Offices, Shops - Showrooms, Warehouses, Factories) for sale or rent in Limassol, Cyprus.
Chris Michael Real Estate are experts in the real estate for Cyprus property sales & provide a range of essential services. Certified Real Estate 335 for Cyprus Properties. In addition, the real estate agent works with the government to secure your Cyprian residential visa which will allow you to purchase property in Cyprus.