week 23 - 2024

A new Cyprus Real Estate Investment Trust (RAT) has been launched, offering tax benefits for property investors. Ayia Napa is undergoing a construction boom to accommodate the growing tourism industry. Chinese investors are showing interest in luxury properties and commercial investments in Cyprus. Nicosia is focusing on affordable housing projects for low to middle income residents. European Union funding is improving infrastructure development in Cyprus. Smart home technology is being integrated into new property developments. The Cyprus property market remains strong despite global economic uncertainties. Old Town, Limassol is being revitalized while preserving its historic charm. Banks in Cyprus are offering competitive mortgage rates. Virtual reality tours are being embraced in the real estate sector. For more information, visit yassocyprus.com. Welcome to the Yassou Cyprus Podcast, I'm Marios, bringing you the latest real estate and economic news headlines from Cyprus over the past week. Cyprus Real Estate Investment Trust, RAT, launched. A new Cyprus Real Estate Investment Trust, RAT, has been launched, providing investors with a new vehicle for property investment with potential tax benefits. Construction boom in Ayia Napa as tourism rebounds. Ayia Napa is experiencing a construction boom, with several new hotels and resorts under development to accommodate the influx of tourists. Cyprus real estate market attracts Chinese investors again. Chinese investors are showing increased interest in the Cyprus real estate market again, particularly in luxury properties and commercial investments. Affordable housing projects gain momentum in Nicosia. Nicosia is seeing a rise in affordable housing projects aimed at addressing the housing needs of low to middle income residents. European Union funding boosts infrastructure development in Cyprus. European Union funding is significantly boosting infrastructure development in Cyprus, leading to improved transportation networks and urban regeneration projects. Smart home technology integration on the rise in Cyprus. The integration of smart home technology is becoming more prevalent in new property developments across Cyprus, enhancing convenience and energy efficiency for residents. Cyprus property market resilient despite global economic uncertainties. Despite global economic uncertainties, the Cyprus property market remains resilient with stable demand and ongoing investment activity. Revitalization of Old Town, Limassol underway. A major revitalization project is underway in Old Town, Limassol, aimed at preserving its historic charm while modernizing infrastructure and amenities. Cyprus banks offer competitive mortgage rates. Banks in Cyprus are offering competitive mortgage rates to attract home buyers, contributing to the overall growth of the real estate market. Cyprus real estate sector embraces virtual reality tours. The use of virtual reality tours in the real estate sector is increasing, providing potential buyers with immersive property viewing experiences. For more information about lifestyle, travel, business and investment in Cyprus, visit yassocyprus.com