May 2021 saw an increase in property sales in Cyprus. 81% more sales contracts were deposited with land registries in comparison with the previous year. Compared to 2019, there is an increase of up to 36%.
Property sales in Cyprus for EU citizens and foreigners
04.05.2021
In May 2020, sales of real estate in Cyprus to EU citizens increased to 177%, almost reaching the level of 2018, when the figure for the first five months was 539 sales. For those who are not citizens of the European Union, buying real estate is quite difficult. This is due to the cancellation of the controversial Citizenship by Investment scheme, also known as the Golden Passport. Al-Jazeera Arab TV channel investigated and exposed the program.
Most of the transactions for the sale of real estate are carried out in Limassol.
Investigation in the case of "Golden Passports"
According to local media reports, the loss of Cypriot citizenship threatens 22 foreigners. As a result, 44 people will lose their "golden passports". The investigation report of the case states that another 100 individuals were classified as "high risk". The intentions of the Committee to revoke the citizenship of foreign investors and their families for political and criminal offenses. The trial under the “golden passports” scheme was postponed from May 24 to June 26.
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26.05.2021 -
18.05.2021In May 2021, property sales in the domestic and foreign markets of Cyprus increased by 123% compared to a year ago
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02.05.2021For two months now, there has been an upward trend in property sales in Cyprus. Shoppers are slowly returning to the market after the COVID-19 epidemic
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29.04.2021Na Kipre deystvuyet programma subsidirovaniya protsentnykh stavok pri pokupke nedvizhimosti, chto pokryvayet ssudu na priobreteniye zhil'ya litsam, zaklyuchivshim kontrakt v period s 1.03.2020 i podtverdivshim ispol'zovaniye doma dlya sobstvennogo prozhivaniya do 30.06.2021. Ещё 256 / 5000 Результаты перевода Cyprus has an interest rate subsidy program for the purchase of real estate, which covers a home loan to persons who entered into a contract in the period from 1.03.2020 and confirmed the use of th
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12.04.2021The Department of Land Resources and Land Management of Cyprus has not yet published data on sales of overseas property in March, however, based on the indicators for April, one can conclude that sales of up to 53% to the citizens of the European Union have grown.
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