Due to the increasing tourist attractiveness of Cyprus, housing demand is growing rapidly. Many tourists prefer to stay in an apartment, rather than in a hotel room while relaxing because it is more comfortable for them. In this connection, the authorities of the Republic of Cyprus intend to withdraw the property rental market from the...
Author: Efestio Real Estate Worldwide (Efestio Real Estate Worldwide)
Cyprus real estate is bought more by foreigners
In 2019, foreigners showed great interest in Cypriot real estate. Of all the objects that were sold over the past year, more than 43.2% were bought by representatives of other states. The remaining 56.8% of transactions fell on residents. Paphos and Limassol – investor sites №1 According to statistics from the Land Registry Department, representatives...
Guide: Investing in the Halkidiki Region, Greece
Halkidiki is a popular resort region in the north of Greece with a high investment attractiveness. Competitively competing with other regions in Greece Halkidiki helps picturesque nature, sandy beaches, modern resort hotels and nightclubs, schooling and surfing, golf courses and casinos. The investment climate in Halkidiki and in general in Greece is formed by: Resort...
The latest news from the real estate market of Manhattan
Despite expectations, a significant increase in new residential properties between 2010 and 2019 with high prices did not prevent Manhattan’s residential market from completing the past decade with only moderate price increases. Recently, a report was published that collected all the interesting and relevant statistics on real estate prices in Manhattan for the period from...
What is the Amount of Mortgages In Luxembourg?
According to a study by an authoritative source, a mortgage applicant in the housing market in Luxembourg is a couple aged 30-39, occupying an average of €550,000. Another characteristic feature of this type is that inflationary housing prices (an increase of 12-14% in 2019) do not stop the demand. Researchers have found that demand remains...
Shortening of the Work Week in Finland
Recently, several Finnish companies have announced a shift to a shorter workweek while maintaining full pay. World experiments in this area show extremely positive results. The first in Finland to switch to a six-hour working day from April this year is Vapa, a company specializing in marketing and PR. The experiment will be attended by...
5 Interior Must-haves for Feeling Happier
The spring is already here and it is the best time of the year when your apartment can painlessly accommodate fresh decorations and design. Check the top 5 interior must-haves that can make you feel extremely happier when you come back home from a tiresome working day. Reflecting Light Mirrors Enough living in the dungeon,...
Portugal Introduced a New Price Tag on Apartments And Houses
As on the onset of 2020, Portugal residents have noticed a large escalation of prices on housing. Historically, it is the first time such a raise was introduced to the real estate market, and people are scared of more changes. What is going on? According to the Global Property Guide, the price tag on housing...
Over 62,000 New Housing Units Will Be Built in Dubai in 2020
Experts say that this year in Dubai is expected to build the largest number of new homes in more than a decade. This will increase pressure on the once-thriving but currently struggling real estate sector, which is already weakened by oversupply. The Middle East financial center, where the private sector contracted in January for the...
Why Those Who Want To Buy A Cottage In Finland Should Hurry Up
Recently, information has been released that states that over the past seven years, average prices for suburban real estate have fallen in Finland by a third. Authoritative sources refer to such a departmental service as the Suomi National Land Service. Suburban real estate statistics Analysts report that the value of Finnish suburban residential real estate...