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Category Archives: News & Investment

Advantages and disadvantages of buying property in Lar...

Advantages and disadvantages of buying property in Larnaca Buying a home in Larnaca was considered until recently not very profitable in terms of investment. This is because the demand for housing was formed exclusively by local residents: Cypriots and citizens who got local passports. Everything has changed in the last two years. Foreign buyers, mainly Arabs and Russians, have become interested in Larnaca. The construction …

Free Houses offered to people willing to relocated to ...

Over the past few years, numerous towns in Italy have resorted to selling homes for just over a dollar in a bid to revitalize their dwindling communities. Zungoli near Naples and Sicily’s Sambuca were the most recent Italian destinations to get in on the act, launching schemes promoting dilapidated properties for just over a dollar with the hope of attracting new residents. Now, the …

Upcoming auctions for houses in Cyprus coming soon

Auctions by banks and private funds that have bought non-performing loans in Cyprus are taking a short break in August but with a strong comeback. Ministry of Interior data shows foreclosures to be running at full-speed up until August 9. And after a short break, a strong comeback is set for August 19 with fields, plots of land, homes and shops in all districts …

The number of tourists in Cyprus is down, especially f...

Six months into the new year and official statistics clearly show that the Mediterranean island’s tourism season is slightly down compared to the corresponding one in 2018. Specifically, tourist arrivals were down by 0.9% between January and June 2019 with Germans, Poles and Scandinavians being the ones turning their back to Cyprus. It seems that smaller markets have ‘saved’ the island from the substantial …

Tricks you should know about House insurance

VERY few people read let alone understand the small print when they take out insurance for property. Even if you insure a building for ‘all purposes’ including acts of God (rain, floods etc) be sure that the insurance company has its back covered to avoid a reduction to your claim. Recent events have come to our knowledge leading us to express the following: Excess: …

Which bank in Cyprus has the smallest housing loans op...

The island’s credit institutions have very attractive housing loan schemes on offer for young people who want their own roof but don’t have the cash. However, with the shadow of non-performing loans because of malpractice still hanging over their head, banks are now extremely cautious with lending criteria.  But his does not imply that young people are restricted from getting a housing loan. INSIDER …

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