Cyprus real estate continues to rise in price
The popularity of Cyprus among Ukrainian and Russian real estate buyers is growing; not only holidays in Cyprus attract businessmen here, but also profitable investments. The city of Limassol, the financial and cultural capital of Cyprus, is especially popular. Our citizens also like to buy real estate in the first coastline area. As for prices, preference is given to real estate from 100 to 150 thousand euros.
There are several reasons for this popularity. First, Cyprus is known for its low crime rate; it is pleasant and quiet to live here, and the population is very friendly. Second, healthcare is excellently developed on the island. Low taxes for foreigners when purchasing real estate, the prospect of obtaining a permanent residence permit, the opportunity for profitable investments – all this makes Cyprus one of the best real estate markets.
As for the near future, experts believe that real estate in Cyprus will not decrease in price, but on the contrary, a price increase is expected. For those wishing to take out a loan to buy real estate, banks continue to issue loans to both construction companies and ordinary buyers. As for a reduction in lending volume, it is not observed in Cyprus.