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Looking to buy properties in Cyprus?

The time is NOW!

  •          FREE FLIGHTS

  •          FREE ACCOMMODATION

  •          PERMANENT RESIDENCY PROGRAM (GOLDEN VISA) (31/12/16)

  •          CYPRUS (EUROPEAN) CITIZENSHIP PROGRAM (31/12/16)

  •          0% CAPITAL GAINS TAX! (31/12/16)

  •          50% REDUCTION IN TRANSFER FEES! (31/12/16)

With a constant decline in the residential property price index since 2008 there has been an average price drop in properties of over 31.5%.

The Cyprus economy as a whole has continued to show strong signs of recovery with GDP recording POSITIVE growth rates as shown below.  This improvement in the economy following 7 years of decline and our earlier than expected successful exit from the European Financial Assistance programme which ended on 31 March 2016, is expected and has already started to have a POSITIVE EFFECT on the Property sector.

Just as a point of reference, during the first five months of 2016 property sales have risen by over 27% to reach 2,355 compared to 1,844 units during the first five months of 2015!

 

European Economic Forecast Spring 2016

Forecasts for Cyprus

2014

2015

2016

2017

GDP growth (%, yoy)

-2,5

1,6

1,7

2,0

Inflation (%, yoy)

-0,3

-1,5

-0,7

1,0

Unemployment (%)

16,1

15,1

13,4

12,4

Public budget balance (% of GDP)

-8,9

-1,0

-0,4

0,0

Gross public debt (% of GDP)

108,2

108,9

108,9

105,4

Current account balance (% of GDP)

-4,6

-3,5

-4,2

-4,6

Full forecasts for Cyprus

3 May 2016
European Commission
Institutional Papers 25 | 2016

 

 Contact us for more details.
Email: enquiries@livadhiotisdevelopers.com
Tel.:   +357-24-823888

Mob:  +357-96-600007

   



 

Our Group
Livadhiotis City Hotel
Situated just 100 meters from the famous Larnaca Seafront (Phinikoudes Beach).  
   
Cafe Blu
Located in the vibrant town center of Larnaca at Saint Lazarus square.
Instant Support

Email: info@LivadhiotisDevelopers.com
Phone: +357 2482 3888
Fax: +357 2462 4222


 

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