Cyprus aims for a complete switch to electric vehicles by 2035 — a target that says as much about the island's long-term infrastructure planning as it does about transport policy, and one worth understanding if you're weighing a property purchase there. The Republic of Cyprus has set a goal of completely switching consumers to electric cars by 2035. This statement was made by government spokesman...
The government of the Republic of Cyprus has increased the monthly rent paid by those who use Turkish Cypriot properties. The cost of rent has increased from 50-100 euros to 1200-2700 euros. The decision to increase the rent was made by the country's Ministry of Interior. According to the publication Fileleftheros, this was done to relieve taxpayers from the annual burden of strengthening the Turkish...
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...
Cyprus has the fourth highest number of cars per capita in the European Union, with 658 cars per 1,000 inhabitants, significantly exceeding the EU average of 560. Key findings: Italy has the highest car ownership rate in the EU (684 cars per 1,000 inhabitants), followed by Luxembourg (678), Finland (661), and Cyprus (658). Latvia has the lowest car ownership rate (414 cars per 1,000...
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,...
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...
