Thousands of homeowners in Cyprus still cannot obtain title to their property. The Ministry of Internal Affairs has prepared a strategy to overcome this long-term problem. Owners of property without title are divided into three categories: Those who have fulfilled all their obligations but were unable to obtain the document due to the developer's debts. Those who were unable to obtain title...
Rising demand and prices While Limassol has held and continues to hold the lead in terms of foreign investment in recent years, current investors are also turning their attention to other cities on the island. Increased interest has been recorded in Larnaca. Larnaca has started to develop both in terms of tourist infrastructure and housing. The high demand for houses and land in the region has caused...
Israeli Ministry of Transportation: Exploring the Possibilities Israeli Transportation Minister Miri Regev sent a delegation led by Uzi Yitzhaki, head of the state-owned Israeli port company, to Cyprus. The aim of the visit was to explore the possibilities of purchasing a port on the Greek side of the island. Cost Estimation and Cypriot Interest Israel estimates the port to be worth around $150...
Saudi Aramco: Record Profits and Plans for the Future 2023 was the second most successful year in history for Saudi Aramco, with net income reaching $121.3 billion. However, compared to 2022, it decreased by a quarter due to falling oil prices. Despite this, the Saudi company is not slowing down. Amin Nasser, CEO of Saudi Aramco, announced plans to increase renewable energy production. By 2030, the...
Winter Holidays in Greece Winter holidays in Greece are an excellent way to enjoy not only the natural beauty but also the historical richness. The mountainous regions in the north of the country offer a great option for winter sports in there. Winter holidays in Greece also offer a pleasant experience in historic cities such as Athens. These cities retain their lively atmosphere even in winter and offer...
The Bank of Greece has released its latest report on property prices in Greece, revealing a strong upward trend in both nominal and real terms. The report provides detailed insights into the annual and quarterly price growth across different regions of the country. Key Findings: Overall growth: Property prices in Greece saw a significant increase in 2023 compared to 2022, with a rise of 13.4%...
According to data analyzed by Greek scientists, this winter was the warmest in Greece's history, putting crops at risk and raising fears of another summer of devastating wildfires, Reuters reported. From December to February, the average peak temperature was 11.3 degrees Celsius (52.3 Fahrenheit), which is 1.8 degrees Celsius (3.24 degrees Fahrenheit) above the average maximum winter temperatures from...
Bringing your furry friend to Dubai can be a daunting task, but with proper preparation and knowledge, it can be a smooth and stress-free experience. Here are the key things you need to know: Pet Import Regulations: Minimum age: 15 weeks Maximum number of pets: 2 dogs Vaccination: Rabies vaccination must be administered between 21 days and 12 months before entry. Quarantine: Not...
As an investor, deciding where to put your money can be a daunting task. Two popular destinations that have caught the attention of investors are Dubai and Bali. Both offer unique advantages and challenges, making it essential to compare them before making a decision. Economic Strength: GDP Growth: Both the UAE and Indonesia boast impressive GDP growth rates, with the UAE at 5% and Indonesia at...
PwC Cyprus recently released its annual report on the real estate market, providing valuable insights into the sector's performance in 2023. The report highlights the remarkable resilience and adaptability demonstrated by the Cypriot property market throughout the year. Key takeaways from the report: Overall transaction value reached €5.5 billion, remaining at the same level as 2022. Larnaca...