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The Cyprus Real Estate Market

If purchasing a Cyprus villa is your dream then you taken your first step towards reaching that goal. Most have families so 3 bedroom villas or townhouses, ideally with pools, are popular with this sector with a key factor being easy commuting to private schools in Limassol, so anywhere along the highway or outlying villages such as Souni, Kolossi, Erimi and Pygos and Parakleisia are typical rent for a furnished, modern property with pool being in the order of €1,400 per month with maintenance included.
Those who consider to transfer to a Co each one of their property to separate Cos, bear in mind the setting up cost of the Co, the annual tax of €300 p.a., the auditors fees etc, better check this with your accountant if it pays - bearing in mind the Cos do not have the €150.000 exemption.



Individuals property value is the total of all the properties that one owns, e.g. if one owns 3 properties i.e. the flat €100.000 a holiday house €80.000 and a plot €30.000 (at 1.1.80 values) the total of €210.000 will be increased by 3.5 less the exemption (only €150.000) and the appropriate scale levied.
We have the largest portfolio in Paphos and Limassol - over 3000 resale properties with Title Deeds available, from luxury developments like Limnaria Gardens in Paphos to golf properties in Aphrodite Hills and beach front homes in Coral Bay and Sea Caves.
The population of Nicosia is predominantly Cypriot and many of have found Cyprus property for sale and a second home on the coast or in the mountains to escape the summer heat, which as the city is in the middle of the island can be four or 5 degrees higher than other areas.

The Cyprus weather forecast is another main element for the amount of visitors to the island with guaranteed sunshine and clear skies from April to October, mild winters, still with lovely sunny days but colder when the sun goes down, making this a genuine year round destination.
Section 40 of the 'Immovable Property (Tenure, Registration and Valuation) Law' (1946) provides that ownership of immovable property or rights in immovable property can only be acquired by registration at the Land Registry, through the procedure described in the law and that such registration may only be effected by the registered owner of the property.
An upscale beachfront home would typically cost 4,000 to 5,000 euros per square meter, while a luxury home in Larnaca, the large city closest to Pano Lefkara, would run about 2,000 euros per square meter, said Sophia Morphis, an agent with Africanos Real Estate, which has the listing for this villa.

Domestic demand increased by 37%, while the overseas market rose by 9% compared to the corresponding period in 2018, with sales to EU nationals rising by 17% and sales to non-EU nationals increasing by 6%. Overall sales in Nicosia rose 35% and Famagusta by 26%, Paphos rose 33%, while Larnaca and Limassol increased by 21% and 17% respectively.
The real estate agent will give legal advice, work with the government on taxes and levies, and work with the bank on your home loan. Cyprus Real Estates "INVESTIA" has been a successful business in the Cyprus property market for over 40 years providing services to hundreds of clients all over Europe, Russia, CIS countries and the rest of the world every year.

Chris Michael Property Group also offers a variety of after-sales services, including interior design at reasonable prices, and full property cyprus real estate management services in your' absence. In our books we list thousands of new and resale properties for sale all over Cyprus every year.
Chris Michael Real Estate are experts in the real estate for Cyprus property sales & provide a range of essential services. Certified Real Estate 335 for Cyprus Properties. In addition, the real estate agent works with the government to secure your Cyprian residential visa which will allow you to purchase property in Cyprus.
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