Cyprus
Cyprus. Regions
 Popular countries
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from 134,000 € 
from 250,000 € 
from 130,000 € 
from 684,000 € 
from 115,000 € 
from 260,000 € 
from 158,000 €
Property in Cyprus. Overview of the market. "The Island of Aphrodite" is one of the most traditional ways to buy a home abroad among Russians, who began to acquire accommodation in Cyprus in the early 1990s. During these years the world market, much has changed, but Cyprus remains among the leaders Runet by number of requests to purchase property. Russian property buyers in Cyprus first drew a mild climate, good infrastructure, one of the lowest crime rates in the EU, as well as the goodwill of local people and authorities to the Russians. Another important factor is also a simplified procedure for obtaining visas and the possibility of obtaining a residence permit when buying real estate in the country worth over € 300 000. Like many others, the Cyprus market has experienced rapid growth in housing in the early 2000s. In 2007, demand for real estate Cyprus reached its maximum, followed by a recession, which coincided with the global financial crisis. In the next two years, the volume of home sales to foreigners has fallen to record lows. At the same time prices have remained virtually unchanged, indicating that the stability of the market. At the same time during the crisis considerably reduced the volume of supply cheap property in Cyprus as well as new construction virtually no conducted, and the most attractive objects were sold. Now the situation on the market has stabilized, but talk about a return to pre-crisis indicators is not necessary yet. At the same time, implementation of large-scale infrastructure projects and large residential projects can give new impetus to the growth in demand for Cyprus property by foreigners. The most popular destinations to buy a home in Cyprus are the resorts of Limassol, Paphos and Larnaca. The main "Russian direction" remains Limassol - the second largest city in the country, which combines the advantages of a large resort and business center. Paphos attracts less attention, although in recent years more and more Russians are interested in real estate in the western part of Cyprus. Cyprus legislation does not restrict the purchase of real estate by foreigners, so buy a house or apartment on the island can be anyone. But before you decide to purchase we suggest you contact an independent lawyer to check the purity of the transaction. |
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