Cyprus is poised for a remarkable year in 2024, with large-scale projects valued at over €8 billion set to take center stage in the country's economic development. According to the Association of Large Investment Projects, these ambitious initiatives will propel Cyprus towards a modern and sustainable future. The year 2023 witnessed the implementation and launch of several groundbreaking projects,...
The Council of Ministers has revised the strategy aimed at attracting foreign businesses to Cyprus, Finance Minister Makis Keravnos announced. The revised strategy aims to further expand the presence of these businesses in Cyprus, emphasizing their role in creating new jobs, attracting know-how, and significantly increasing the value of the Cypriot economy. “Recognizing the importance of this...
Foreigners are increasingly buying real estate in Greece, with demand rising by 5% in 2024 compared to the previous year. According to Greek media outlet Spitogatos, the most popular areas for foreign buyers are Halkidiki, the Cyclades, Athens, and the suburbs of Thessaloniki. Investors are typically buying private homes, apartments, and land. The largest number of transactions were made by citizens of...
According to the Bank of Greece, by the end of 2023, property prices in Athens had approached their pre-crisis peak of 2007, and have increased by 42% over the past 3 years. The reasons that attract investors: ⚡️ no capital gains tax on sale ⚡️ moratorium on 24% VAT when buying on the primary market ⚡️ only the property transfer tax of 3% is paid when buying real estate The...
Cyprus has one of the highest levels of fossil fuel use in the European Union. This is despite the fact that the EU's overall dependence on fossil fuels has decreased significantly in recent decades. The methodology for calculating this takes into account the ratio of fossil fuels to the total energy demand of a country or region. The EU's dependence on fossil fuels in its total energy supply was 70.9%...
Dubai is known for its luxurious lifestyle and iconic landmarks, but it also boasts a number of beautiful parks and gardens. These green spaces offer a welcome respite from the hustle and bustle of the city, and provide a place to relax, exercise, and enjoy the outdoors. Here are five of the best parks in Dubai: 1. Safa Park Open from 8:00 AM to 11:00 PM Entrance fee: 3 AED Safa Park is...
Best Breakfast In Istanbul Best breakfast in Istanbul is a flavour point integrated with the city's rich cultural heritage and diversity. The Turkish breakfast tradition has been enriched and diversified as a result of Istanbul being under the influence of different cultures throughout history. In every corner of the city, there is a wide range of breakfast places, from artisan restaurants serving...
Cyprus is one of the few EU countries where house prices have fallen over the past 13 years. This is according to statistics from Eurostat. In the third quarter of 2023, both house prices and rents in the EU as a whole rose by 0.8% compared to the second quarter of 2023. Compared to the third quarter of 2022, house prices in the EU fell by 1%, while rents rose by 3%. Similar dynamics of house price and...
President Nicos Christodoulides and a delegation from the Abu Dhabi National Energy Company (TAQA) discussed a list of infrastructure initiatives and development projects in Cyprus in which the Emirati company could invest. The visit by TAQA representatives was a follow-up to the visit to Cyprus by the UAE's Deputy Minister of Foreign Affairs for Trade and Financial Affairs in the summer of 2023. The...
Sotheby's International Realty, the world's largest luxury real estate network, has published its Luxury Outlook 2024 report. What global trends have affected the Cypriot market and what needs to be considered in the near future? The report is based on a survey of 550 Sotheby's International Realty agents worldwide. This information was supplemented by data from other leading industry experts, including...