Cyprus in the list with the 10 most popular destinations for real estate

20/07/2017
A 12-place leap in the TheMoveChannel.com real estate search listings was recorded for Cyprus, re-entering the top ten most popular real estate destinations, based on searches made by international investors.

On this site, searches for Cypriot properties grew more than 50% in the first quarter of 2017 compared to the fourth quarter of 2016.

Specifically, Cyprus was ranked 6th in the 18th position of the previous period, with its share accounting for 3.03% of all searches.

This is the highest share of Cyprus in the last two years, due to the return of foreign buyers to the domestic property market.

Although foreign investors’ searches for Cyprus property declined slightly in early 2017, however, buyers appear to have returned massively afterwards.

According to TheMoveChannel.com director Dan Johnson, demand for Cypriot properties shows signs of aid in 2017, rising in the last months of 2016, an increase potentially fueled by buyers’ intention to anticipate the deadline for the incentive Given in respect of capital gains tax.

At the same time, he adds that although the interest subsided significantly in early 2017, it returned to March.

“With prices rising in almost all areas, the indices show improvement in the real estate market, prompting investors to return to Cyprus,” says Johnson.


Among other things, he points out that “the island’s Golden Visa regime contributes to the recovery of demand, while buyers surfing TheMoveChannel.com are particularly interested in investment opportunities related to citizenship.”
 
European Cyprus Citizenship Program requirements and conditions can be found here



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