| Prices are low and land rights are being addressed but is it safe to buy in Northern Cyprus? | | 2008-07-10 15:52:00 | | Cyprus has long been a favourite for British holiday home owners and now, after decades of uncertainty, the north of the island is becoming as popular as the south.It is 34 years since the Turkish invasion of the northern third of the island. But today, people can easily move between the Turkish north and the Greek south, and there are relatively few signs of conflict – indeed, the line dividing the communities is itself a tourist attraction. Although the north remains less affluent than the south, all areas have seen major infrastructural improvements as their economies have grown in recent years.Northern Cyprus covers 3,300 sq km and is widely regarded as less developed and more naturally beautiful than the south of the island, with a profusion of beaches and mountain tracks. It has a rich history, is well known for its flora and fauna and notably boasts 38 species of orchid.
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| Property investors in Cyprus should buy in built-up areas to 'keep risks low' | | 2008-07-02 16:22:00 | | Investors that are interested in Cyprus have been advised to look for property in areas that have already been developed.According to property developers, Pafalia, choosing an area that has already been built on will help to "keep the risk low" and should take advantage of Cypriot lawyers to minimise their costs.Simon Cozzolino, property consultant at Pafalia, said: "Use a Cyprus lawyer because it will halve your costs."He continued: "Don't buy in the middle of nowhere; buy in an already developed area to keep the risk low."
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| Cyprus: An Island Paradise with Something for All | | 2008-06-29 00:00:00 | | The island of Cyprus is one of the most popular vacation destinations in the Mediterranean Sea, attracting nearly two and a half million tourists a year. Whether tourists are eager to experience the culture of the island or just want to relax on a pristine Cyprian beach, the island has something for everyone.
A former British [...] | | By: Resources Zone | | |
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| Ex-minister slams Cyprus government over price rises | | 2008-06-22 02:57:00 | | Keravnos who served as Finance Minister in the government of Tassos Papadopoulos and is a senior member of the centre-left DIKO party is widely credited for bringing state-finances under control.He says oil prices have been rising for several years now and that is nothing new. Other factors causing price increases are high real estate prices feeding into higher rentals, the professional services (lawyers, doctors, plumbers, electricians and others) continuing to over-charge customers while underestimating their income and as always, the retailers greed in jacking up prices more than warranted.“Until now they (government of Christofias) have been feeding the public political explanations, but it no effective measure have been taken to curtail the problem.”
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| Myriad opportunities in Cyprus | | 2008-06-11 02:42:00 | | Situated in the northeastern part of the Mediterranean sea and 75 km south of Turkey, Cyprus is the third largest island in the Mediterranean and one of the most popular tourist destinations. With alluring beaches and surrounding mountain peaks, vineyards studded with olive trees and ancient ruins that stir the imagination, citrus groves and old stone villages, this country has something to offer to everyone.The property market in Cyprus is attractive to locals and foreign investors who see it as a stable and low risk investment guaranteed to yield decent returns. The key reason why the property market is so appealing to foreign investors is that it has European systems in place, low taxation and an excellent communication system.
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| Beasiswa S2: MBA Scholarships at University of Nicosia, Cyprus | | 2008-06-03 16:33:00 | | The Government of the Republic of Cyprus will award up to 5 scholarships for students from Indonesia for excellent university Nicosia MBA program.
University of Nicosia is the largest private university in Cyprus with established reputations to quality education and recently received a “committed to excellence” award from the European Foundation for Quality Management (EFQM).
MBA program is one | | By: Info Beasiswa Indonesia (Scholarship) | | |
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| Choosing Hotels In The Troodos Mountains Of Cyprus | | 2008-05-30 00:48:00 | | A destination spot for holiday travellers to Cyprus growing in popularity is the Troodos Mountains. This is due to the fact they offer a number of different activities and attractions throughout the year regardless of season. Many people flock to the area during the winter to take advantage of the many ski slopes, while summer holiday travellers find ample hiking, biking, fishing and other outdoor opportunities available. When on holiday there are a number of different places to stay in the area, although the majority of people choose to stay in one of the many hotels in the Troodos Mountains of Cyprus. There are some things you should consider to ensure you choose the hotel that is right for you and your holiday plans.One of the most important things to consider when choosing among hotels in the Troodos Mountains of Cyprus is what services or amenities are important to you. Each hotel offers different rooms and different features that make it unique. For example, some offer on-site ca | | By: Best Countries | | |
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| Cyprus property tax receipts tumble 17% | | 2008-05-25 15:18:00 | | A slump in Cyprus property prices led to a dramatic decline in revenue for the government, with receipts from capital gains taxes on mostly property deals tumbling 17% YoY in the first four months of 2008, while income from property taxes fell 25% YoY.Capital gains taxes in the period from January till April 2008 fell 17% to EUR 116.18 mln from EUR 139.42 mln in the same period a year ago, while property revenue fell 25% to EUR 1.5 mln from EUR 2 mln a year ago.The decline in revenue from property dealings forced the total tax revenue of Cyprus in the first four months of the year to EUR 554.19 mln, up only 2% YoY compared to EUR 532.11 mln collected in the same period in 2007.
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| Sotherby’s moves into real estate in Cyprus | | 2008-05-14 04:07:00 | | THE FIRST office of Sotheby’s International Realty Affiliates LLC will open in Cyprus by the end of the year, under an exclusive 25 year licensing agreement that will cover the Eastern Mediterranean region.Founded in 1976 providing independent brokerages with a powerful marketing and recommendation programme for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world.According to Michael R. Good, the president and chief executive officer, the eastern Mediterranean region represents an important step in the brand’s overall European expansion.
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| Cyprus house prices seem to defy global trends | | 2008-05-06 03:21:00 | | Prices rose by 1% month on month in February and by 3.6% in January, more than covering for the December 1.9% fall.The BuySell Home Price Index closed at 143.64 units in March 2008, bringing the Average Home Price in Cyprus to EUR 191,216 (CYP 111,914).The BuySell Home Price Index is the only house price index in Cyprus. It was created and is updated monthly on behalf of BuySell Cyprus Real Estate by MAP S. Platis.The Index is announced quarterly and depicts the movement of prices at which residential properties are sold in Cyprus, based on the extensive BuySell Cyprus Real Estate database.
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| Best deals opening up in Cyprus | | 2008-04-23 08:06:00 | | Cyprus has been having an eventful year so far, with New Year's Day bringing the adoption of the euro as its official currency, the election of a new president, Dimitris Christofias and with him the tantalising prospect of better relations with northern Cyprus, perhaps even leading to a permanent solution to the division of the island into Greek and Turkish segments that has remained intractably in place since 1974.
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| Cyprus recommended to property buyers | | 2008-04-18 11:38:00 | | People who are considering purchasing a property overseas have been pointed towards Cyprus.The Independent advised people to look beyond the "party capital" image of places such Ayia Napa and Paphos and consider its other attractions.According to the newspaper, the Mediterranean island has lots of "quieter charms", including villages, beaches and lush rural areas.In addition, prospective expatriates were advised that these areas have lots of attractive and affordable homes.
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| Cyprus property market booming with the Euro | | 2008-04-12 02:42:00 | | Many factors are helping to fuel the popularity of the Cyprus property market, notwithstanding the adoption of the Euro at the beginning of the year, cheap flights and a booming tourist industry make this an ideal investment location, says Gary Clayton of Principal International, one of the UK’s leading overseas property investment companies.Since joining the European Union, property prices have steadily risen but a government official for the country believes that with its stable socio economic environment, the adoption of the Euro will see prices rocket. Now is a good time to buy for investors, says Principal International, before prices become too uncompetitive.Cyprus has much to offer, its state of the art infrastructure and highly qualified labour force make the country an attractive proposition for international businesses. In fact it has been said that Cyprus is becoming an international business hub between Europe, Africa and Asia.
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| Cyprus Car Hire Shopping Around Will Pay | | 2008-04-11 23:04:57 | | Cyprus car hire is available in every town and even some villages, and considering the amount of tourists that visit every year and take up Cyprus car hire, you can see it is a big business. Taking this into account, you can see why you can hire a vehicle from as little as 11 per day, now that is excellent value for money. During the summer months the weather in Cyprus can be stiflingly hot so air conditioning is worth the extra investment, the only problem with this is that whilst you are lovely and cool in your rental car in Cyprus, once you leave the car you certainly feel the heat, but you can always pop back in to cool off again! If you are into the off road driving scene you would obviously be better off with a jeep and make sure you take up their extra cover for sump and windscreen insurance as you'll likely need this. Of roading in your jeep can be a dirty and dusty experience but great fun especially on some of the mountain tracks but be warned some of them are extremely steep | | By: Cheap Car Rental Tips | | |
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| Cyprus’ New Crossing Meets Trouble | | 2008-04-03 15:17:36 | | Greek and Turkish Cypriot authorities reopened the divided capital’s Ledra Street on Thursday, but were forced to close it for nearly two hours following a dispute over how to police the …
Original post by Jennifer Viegas, Discovery News | | By: UniQuest | | |
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| Sylikiotis wants to halt Cyprus house price increases | | 2008-04-01 15:42:00 | | The election campaign slogan of newly elected President Demitris Christofias for a “just society” passes mainly through his Ministry, given the fact that the majority of the laws which regulate internal administration has to do with issues the Minister of Interior deals with.Neoklis Sylikiotis returns to the “Ministry of the Citizen”, as he calls the Interior Ministry, under the Presidency of Demetris Christofias, something that gives him the opportunity and the time to finish the work he started some years ago, as he says, in combination with a new government programme, aiming to put a human face to politics.In an interview with CNA, he declares his dedication to put a halt to rising house prices, places at the top of his priority list activities which express the social policy of the new government with housing programs for the support of refugees, low income families and young couples.“
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| Cyprus Car Rental And Finding The Best Cyprus Car Hire Deals | | 2008-04-01 09:58:09 | | A Cyprus car rental makes perfect sense if you want to see more of this beautiful Mediterranean Island at your own pace. Organized Cyprus trips are all very well but if you want the freedom to please yourself Cyprus car rental is definitely the way to go. If you plan ahead and collect your car from the airport you will make an immediate saving on the cost of your transfer from there to your holiday accommodation too. Then once your holiday is over you will be able to drop the keys at the car rental desk and leave the vehicle at the airport thus making a double saving on your transfer costs. If that alone doesn't make good financial sense think of the money you will be able to save on taxi fares and coach excursions too. It's not just about money though because a Cyprus car rental is also the easiest way to get about on the Island. The buses only run along the main resort routes and taxis are not always that reliable at turning up when you order them either. With the use of your own veh | | By: Cheap Car Rental Tips | | |
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| Turkey has been using every platform for the international recognition of northern Cyprus | | 2008-03-22 11:25:00 | | The trade office, registered as a private company, will most probably open in April in Tel Aviv immediately after the Turkish Cypriot Foreign Ministry appoints a diplomat, according to the Turkish official. He underlined that Israeli investors were already doing business in northern Cyprus especially in the real estate sector and the trade office would further contribute to tourism and trade ties between Israel and northern Cyprus. Israel is not banning the possibility of having a business relationship with northern Cyprus, said the Israeli diplomat. But he emphasized that there was no official Israeli involvement in the establishment of the trade office and that it would be like those opened in other countries.
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| Russian investors favour Cyprus | | 2008-03-11 11:04:00 | | A growing number of property investors from Russia are choosing to buy homes in Cyprus, experts have revealed.The Royal Institute of Chartered Surveyors (Rics) stated that interest among second home buyers from abroad was encouraging growth in the country's housing market.According to the organisation, much of this interest has come from Russian property investors.Rics said that consumers in the Eurasian country had not been as badly affected by the global credit crunch as people in the west of Europe.
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| Top 10 Cyprus property investment tips | | 2008-03-04 17:35:00 | | There is a very well known property marketing company that publishes a number of glossy overseas property magazines and has its own television company. As you may appreciate, the costs of running a TV company, making TV programmes and producing glossy magazines are huge - all paid for by their customers who swallow the marketing hype hook, line and sinker.Remember that overseas property magazines rely on advertisers to pay their running costs and salaries. They will therefore paint very rosy pictures of owning investment properties in Cyprus to keep their advertisers happy and the money rolling in.
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| Cyprop Introduce Easy Payment Plans For North Cyprus Properties | | 2008-02-17 17:33:00 | | Cyprop, the North Cyprus property specialists, announced today that they will soon be in a position to offer finance options on some of their property developments in North Cyprus. They are expecting to be able to offer 50% of the purchase price of a new property spread over the build term and the other 50% financed over 5 or 10 years. The loan will be secured on the property in North Cyprus.Cyprop Director Matthew Thole commented “We are all very excited about being able to offer our clients finance to help them buy their dream holiday home in Cyprus. This new facility puts the luxury of an overseas property, whether it’s for an investment or second home, within the reach of everybody.â€
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| Cyprus 'a popular location for retirees' | | 2008-02-08 10:46:00 | | On January 1st this year, Cyprus, along with Malta, became the newest member of the eurozone, meaning that foreign visitors will now change their currency to the euro rather than the Cypriot pound.This development is expected to deliver a boost to the Cyprus economy owing to the low interest rates, low inflation and large market access available in the eurozone.
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| Selling your home or thinking of buying in Cyprus? | | 2008-02-03 17:22:00 | | Using Agents to sell your property can be a very costly exercise. Most agents, licensed or not, will charge you between 5 and 10% plus VAT and tie you into lengthy contracts which can be expensive to get out of. In many instances resale property prices are hiked to include the commission, making resale property uncompetitive with new and off-plan property.
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| Cyprus house prices rise 19.2% in 2007 | | 2008-01-31 05:21:00 | | Residential house prices in Cyprus accelerated during 2007 according to the latest results from the BuySell Home Price Index, rising by 19.2% for the whole year compared with 6.6% in 2006.The BuySell Home Price Index closed at 139.06 units for the year, bringing the Average Home Price in Cyprus to CYP 108,344 (EUR 185,117).However, they ended the year on a negative note, slipping by 1.9% in December over the previous month.
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| The fight to resolve foreign property woes in northern Cyprus | | 2008-01-19 04:18:00 | | What appeared to be a “real estate boom” in both the run up to the 2004 twin referenda on the island turned into a nightmare for many foreigners with the sector plunging into a serious financial crisis and many land developers and real estate agents beginning to fail to meet obligations that were paid for in advance.
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| North cyprus economy faces dark year ahead | | 2008-01-14 18:15:00 | | A third sector of the economy, which many hoped would provide stability in the north, is higher education. But with that also in the relative doldrums, it seems there is nothing left to lift the Turkish Cypriot off the floor at present. With around 25,000 foreign students studying at the six universities, it is not hard to appreciate the importance of the sector.As Chamber of Commerce head Hasan Ince says, with student intake down by 50 per cent, a decline means a knock-on effect though other economic sectors.
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| Book Cheap Hotels in Malta, Crete, & Cyprus | | 2008-01-14 17:45:54 | | Visit the beautiful Mediterranean island of Malta. There are three islands to choose from for a visit in the Maltese archipelago. They are Malta, Gozo and Comino. You may even want to visit all of them too.
Malta is the largest island, being the commercial, cultural, & administrative center. CheapertThanHotels.co.uk offers Cheap Hotels in Malta for [...] | | By: voyage echoes in the wind | | |
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| Malta and Cyprus Adopt Euro | | 2008-01-11 14:35:00 | | On January 1, Malta and Cyprus officially adopted the euro. Both nations occupy key locations for controlling the Mediterranean, Northern Africa and Southern Europe. With these two island states joining the eurozone, the European Union’s influence in these important areas will become more deeply entrenched.At the beginning of the new year, just after midnight, the countries’ leaders withdrew their first euros from cash machines amid fireworks and celebration. Both countries hope for great economic gains from increased investment and tourism thanks to the currency.
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| Cyprus Cement and CCCT revalue land holdings | | 2008-01-09 18:32:00 | | The Board of Directors of The Cyprus Cement Public Company Ltd has decided to revalue the company's land at EUR171 mln in accordance with the Company's policy to carry out revaluation of its property at regular intervals. The land was last revalued at EUR42,8 mln (CYP25 million). The revaluation was based on two separate valuations performed by independent chartered land surveyors. The basis of the valuation was the present condition (current use of land). The resulting deferred taxation is EUR25,6 mln. As a result of the revaluation the net assets will increase by EUR102,6 mln. The revaluation will be incorporated in the financial statements for the year ended 31 December 2007.
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| Cyprus house prices hit another record | | 2008-01-09 14:13:00 | | Residential property prices in Cyprus hit another record in November as prices rose by 21% year on year, according to the BuySell Home Price Index. This is the highest year-on-year increase recorded by the index, which began in 2004.The BuySell Home Price Index rose for an eleventh consecutive month to 141.69, recording a significant monthly increase of 2.5%, compared with a month-on-month increase of 3.7% in October.In the year to date, prices were up by 21.5%, compared with a more modest increase of 5.9% in 2006.
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| The Paphos Area Of Cyprus Well Worth A Visit | | 2007-10-21 17:19:27 | | Paphos town lies at the heart of the Paphos area which is one of the largest municipalities on the West Coast of Cyprus. The town is in fact two towns the old and the new. Lower or Kato Paphos as it is also known nestles against the coast and makes up the greater part of [...] | | By: UniQuest | | |
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| Paphos Cyprus - The All Year Resort | | 2007-10-21 17:14:24 | | Paphos in Cyprus is one of the few tourist areas on the Island that remains open throughout the winter months of the year. It may have something to do with all the places of interest that are either close to Paphos town or within easy rich by coach tour. The Troodas mountains for instance are [...] | | By: UniQuest | | |
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| Cyprus travel abroad up by 21.1% in August | | 2007-10-08 02:23:00 | | The rise in the number of Cyprus residents travelling abroad reached its second highest rate in August, recording an increase of 21.1%. On the basis of the results of the Passengers’ Survey, 156,194 residents of Cyprus returned from a trip abroad in August 2007 compared with 128,989 in the corresponding month of last year. Trips to Greece rose by 13.3%, from 60,693 in August 2006 to 68,778 in August 2007.
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| Cyprus, the Island of Dreams | | 2007-07-08 19:09:53 | | Cyprus vacations continue to be among the most popular in the world. Read about this delightful Mediterranean island and what it has to offer.
Original post by Catherine Tsai | | By: UniQuest | | |
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| Cyprus travel abroad up by 9.6% Jan-May | | 2007-07-07 01:44:00 | | The number of residents travelling abroad from Cyprus rose by 9.6% in the first five months of 2007 to reach 359,478 according to Financial Mirror calculations using monthly Statistical Service data.Greece, only an hour or so away and with frequent flights, remains the most popular destination, with trips up by 7.0% to 139,941 in January-May.
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| North Cyprus | | 2007-05-17 22:16:00 | | If you want get away from this rat race and all the time tables. Go to North Cyprus. They have that slow pace of life you dreamt about.
At Well estate can help find that prefect North Cyprus Property.
The homes on Well estate look so Beautiful. The prices are not too bad. An apartment cost from £30,000 and detached villas with a pool go for less the £100,000.
That is one sweet deal.
This | | By: Wealth Wonders | | |
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| Anthestiria Flower Festival in Cyprus | | 2007-03-17 06:00:00 | | AirflightsCyprus welcomes in spring with a colourful and exotic floral show during the Anthestiria Flower Festival.
Blankets of flowers cover the area every year and create a stunning spectacle that draws in hordes of visitors from across Cyprus and the rest of Europe.
Unsurprisingly the name Anthestiria comes from the Greek word meaning flower and it is no surprise to learn that the massive festival's centrepiece is a huge floral parade through the streets of Paphos to the town's harbour... | | By: The Flower Expert - Flowers Encyclopedia | | |
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