Real Estate & Investment Blog

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Beşiktaş: Where Palaces Meet Skyscrapers

Besiktas where palaces meet skyscrapers is the simplest way to describe this Istanbul district: few Istanbul districts capture the citys layered identity as vividly as Besiktas. Walk from the Bosphorus shoreline inland and you pass from Ottoman imperial palaces to a dense, modern urban core packed with universities, corporate headquarters, and some of the citys most consistently in-demand residential real...

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Underwater Canyon Discovered Off the Coast of Cyprus

A team of Israeli geologists has made a significant discovery while exploring the seabed off the coast of Cyprus. They have found a previously unknown underwater canyon, named the Eratosthenes Canyon, located at a depth of 500 meters and measuring 10 kilometers in width. Formation and Significance: The researchers believe that the canyon was formed during the Messinian period, approximately 5.5 million...

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Cyprus Real Estate Market: Confident Growth Despite Global Challenges

The Cyprus real estate market defied expectations in the final quarter of 2023, exhibiting resilience and growth amidst global economic headwinds. Despite inflationary pressures, rising interest rates, and a higher cost of living, key indicators point towards a thriving market primed for continued success. Market Highlights: Significant transactions: 3,534 properties changed hands in Q4 2023,...

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Short-Term Rentals in Cyprus: A New Investment Trend

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...

Reliefs of the Lion of St. Mark: symbols of strength and wisdom

Reliefs of the Lion of St. Mark: symbols of strength and wisdom

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

Othello’s Tower and other features of Famagusta Castle

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...

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