Cyprus is a beautiful island nation located in the Eastern Mediterranean Sea. Renowned for its stunning beaches, crystal-clear waters, and rich history, Cyprus is a popular destination for tourists and investors alike. The Cyprus Residency by Investment Program offers a straightforward path to permanent residency for individuals and families who invest in real estate on the island. The program is...
Are you looking for a beautiful, tranquil, and affordable place to live or invest? Choose North Cyprus! With its stunning beaches, crystal-clear waters, and mild climate, North Cyprus is a hidden gem waiting to be discovered. The North Cyprus Residency Program offers three straightforward paths to residency: 1. Property Investment: No minimum investment threshold: Unlike other residency...
The Deputy Ministry of Tourism of Cyprus reports a growing market for short-term rentals. This market is regulated, and listing on online platforms requires obtaining a license. Penalties are provided for violators. According to Marios Tsanakas, a representative of the Deputy Ministry of Tourism, there are currently over 6,700 self-catering accommodations in Cyprus capable of accommodating over 30,000...
On February 21, the Cabinet of Ministers of the Republic of Cyprus approved seven measures to support the population and businesses in the fight against inflation. 60 million euros will be allocated from the state budget for this purpose. President of the Republic Nicos Christodoulides announced the decisions in a televised address to the nation. The measures include: Extension of the...
Comprehensive overview of the premium residential property market in Cyprus for the whole of 2023 and Q4 separately. Key Findings: Overall Market Performance: The total value of transactions in 2023 reached €4.4 billion, including all types of properties: residential, commercial, land, and buildings. Residential units (apartments and houses) alone accounted for €3.8 billion in sales,...
The European Commission's Directorate-General for Competition has approved the Cypriot government's plan to subsidize the interest rate on housing loans. The program will provide support to families with an annual income of less than €50,000 who took out a mortgage between January 1, 2022 and December 31, 2023 for an amount not exceeding €400,000. The subsidy will cover 50% of the increase in the...
1. Kaputaş Beach: Small but charming: Located in Kaş, this beach is considered one of the most picturesque in Turkey. Turquoise water and golden sand: Perfect for a relaxing swim and sunbathing. Majestic cliffs: Surround the beach, creating a unique atmosphere. 2. Göreme, Cappadocia: Fairytale town: Houses and hotels are carved into the rocks, creating a magical feel....
Buying Property in Turkey: A Guide to Associated Costs Owning a property in Turkey can be a great investment or a perfect holiday getaway. However, besides the property price, there are a number of additional costs to consider when purchasing real estate in Turkey. Here's a breakdown of the expenses you can expect to encounter: One-time expenses: Real estate appraisal: Approximately $440...
Cyprus’ economic growth has slowed down, but inflation is decreasing. The European Commission has published its interim economic forecast for 2024. Real GDP growth in Cyprus from the first to the third quarter of 2023 showed a slowdown to 2.5% compared to 5.8% in the same period of 2022, mainly due to a decrease in demand for non-tourist services. In 2023, the tourism sector continued to grow, with...
Step back in time and experience the evolution of motoring at the Cyprus Historic and Classic Motor Museum in Limassol. This unique museum houses a collection of over 240 vintage cars, taking visitors on a journey through more than a century of automotive history. A treasure trove of automotive history From the moment you step through the doors of the museum, you are transported to a bygone era. The...