Several changes have been made to the well-known and well-established Cyprus Permanent Residency Program (Fast-track). The main changes are as follows: The term to maintain a deposit in a Cypriot bank in the amount of €30,000 is now abolished. Apart from residential properties, commercial properties (both new and resale) also qualify for the programme from now on. An applicant can invest...
The New Year has entered with a sense of optimism as vaccines are getting more widely available to the public by the day. According to Panos Danos, CEO of DANOS Group (www.danos-group.com) as well as many DANOS’s real estate professionals in Europe, 2021 is going to be a positive year for the real estate market with new opportunities for investments forecasting an explosion of pent-up demand for travel...
Despite the new trends and market characteristics, Real Estate has many advantages over investing in stocks, bonds or mutual funds. Cypriots for generations have traditionally followed the rule to buy and keep as much real estate as possible. Despite the ups and downs of the real estate market, it has proved to be a relatively solid investment. Especially, when someone takes into account the...
Danos – An alliance of BNP PARIBAS REAL ESTATE is collaborating with Hermes Airports Ltd, in the field of advisory services for the commercial development of the available andside and airside areas at Larnaka’s International Airport, in Cyprus. This collaboration took place under the impetus of commercial exploitation and development of the area surrounding Larnaka’s International Airport, as a...
Supply side in recent years saw an increasing pipeline of high-priced residences come to the market with values derived primarily from the Passport Scheme benefits rather than any Real Economy market drivers. The main bulk of buyers for these passport properties have been Russian and Chinese citizens but demand has waned increasingly over the last 12 months. Chinese activity has been almost absent from...
The Cyprus’ Property market SALES Property sales are booming in the first 8 months of 2018, according to figures released by the Land Registry, showing the rapid growth of the land market. Danos an Alliance Member of BNP Paribas Real Estate An important factor that has influenced the domestic real estate market and the real estate market is foreign investors,...
Hermes Airports Ltd wishes the commercial exploitation and development of all available lands of Larnaka’s International Airport, under a 25 year BOT (Build-Operate-Transfer) Concession Agreement with the Republic of Cyprus. Danos Group Ltd– An alliance of BNP PARIBAS REAL ESTATE was selected to offer their advisory services and to join efforts with Hermes Airports Ltd. towards the successful...
Cyprus remains one of the desired tourist destinations in the world and the hospitality sector continues its positive development, having an undisrupted growth path. The number of the visitors/ tourists in 2017 has reached the record mark of approx. 3.7 million. The main destinations are Limassol, Pafos and Larnaca. The situation in the neighboring countries, the upgrade of the hotel product and the...
THE EUROPEAN GROUP OF VALUERS' ASSOCIATIONS Krzysztof Grzesik Chairman Mr. Kyriacos Talattinis MRICS President CYPRUS VALUERS ASSOCIATION (CVA) EUv8eap.oc Entatifthvow Exttp.yrabv Axtvivuov Koneou 16 Zenas Kanther str CY-1065 Nicosia Our Member ref.: CVA/Full/2017 Dear Mr. Talattinis, Admission Brussels, 1 May 2017 On behalf of the Board of Directors of I EGoVA I have the...
THE LIMASSOL OFFICE MARKET Download the PDF file...