The short-term rental market in Cyprus is rapidly growing, attracting the attention of both travelers and investors. Yannis Kotzias, General Manager of Phaedrus Living: "This is a natural progression, considering the global momentum of short-term rentals, and Cyprus, being a tourist destination, is no exception." Why is short-term rental profitable? Increased financial gain: Average...
The Venetian lion: a symbol of the city, adorning it since the 13th century. ⠀ Where can you find it? ⠀ * On fortress walls * On building facades * On columns and bridges ⠀ What does it mean? ⠀ * Strength and power * Wisdom and knowledge * Justice and protection ⠀ Paw above a book: ⠀ * Open book: a symbol of evangelization * Closed book: a symbol of authority and...
Othello's Tower and other features of Famagusta Castle The city of Famagusta (currently located in the unrecognized "Turkish Republic of Northern Cyprus") has preserved numerous buildings from the Middle Ages and the Venetian period in Cyprus to this day. ???? One of the most important historical landmarks is Famagusta Castle and the so-called Othello's Tower. It is believed that during the Byzantine...
Türk kahvaltısı Turkish breakfast is not just food, it is a special tradition. ⠀ The phenomenon of Turkish breakfast was organized with the appearance of coffee in the 16th century. But back then, it was food before coffee. Breakfast (kahvaltı - kavhe altı) implied food before having a cup of coffee. ⠀ By the 18th century, breakfast became a morning ritual with a variety of dishes - including...
Owning property in Oman from abroad raises a practical question every overseas investor eventually has to answer: who looks after the property day to day when you are thousands of kilometers away? For foreign buyers in Oman’s freehold market, professional property management has become an essential part of making overseas ownership genuinely hassle-free, covering everything from tenant sourcing and...
Rents in Cyprus rose sharply for several years running, but 2026 data suggests that climb has largely stalled, with prices stabilising across most districts after a sustained run-up. This guide covers current one-bedroom apartment rents by city, why Limassol remains the most expensive market by a wide margin, and what the recent stabilisation means for tenants and landlords alike. Current Rents by City As...
Istanbul is a predominantly Muslim city, yet every December it puts on one of the most charming holiday-season atmospheres in Europe. New Year celebrations (Yilbasi), which absorbed much of the gift-giving, tree-decorating, and festive-lights tradition associated elsewhere with Christmas, transform the citys shopping streets, hotel lobbies, and restaurants into a genuinely magical seasonal experience. For...
Cyprus Real Estate Cyprus is a Mediterranean island known for its historical and cultural richness, beautiful beaches and warm climate. This beautiful island is an attractive destination for those who want to invest in property or own a second home. Cyprus real estate market offers a diverse range of properties, making it a prime destination for those seeking attractive investment opportunities or a dream...
For years after the 2012-2013 banking crisis, Cyprus stood out as one of the few EU countries where house prices remained below their pre-crisis 2010 level. That era is now firmly over: sustained annual growth since the mid-2010s, and a further acceleration through 2025 and into 2026, means Cyprus house prices are now well above their 2010 starting point. This guide covers the current data and what drove...
Buying a home for use as your primary residence in Cyprus can meaningfully reduce the VAT charged on the purchase — from the standard 19% down to 5% — but the rules governing this reduced rate changed in 2026, and the older, more generous transitional rules have now largely expired. This guide covers the current eligibility rules, size and value limits, and what happens if you sell or rent out...
