General Blogs

  The Cyprus Investment Promotion Agency (Invest Cyprus)  on Friday announced that its national stand had a great presence at one of the most important European real estate exhibitions, MIPIM (Marche International des Professionnels de la Immobillier), which took place in France between March 15-18. As noted in the agency’s announcement, Invest Cyprus delegation had the opportunity to present the advantages of Cyprus as an investment destination and to inform visitors about the prospects and returns of the island’s real estate sector. MIPIM is considered as one of the leading international exhibitions in the real estate sector with around 3,800 exhibitors, visited annually by more than 30,000 industry professionals, with a strong presence of international institutional investors who manage assets worth several billion. “Despite the challenges at European and global level, we observe that the real estate sector maintains its investment dynamics.,” Invest Cyprus CEO George...

  With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus should shift its focus to the West for investment, particularly when it comes to the real estate market, fintech company WiRE FS CEO Pavlos Loizou said on Monday. “In our view, the age-old strategy of occasionally focusing on specific markets outside of the European Union, with significant profit margins, is over,” Loizou said, stressing that property market professionals should have a more long-term view. Loizou explained that over the past three decades or so, the Cypriot real estate market focused on trying to attract business from the United Kingdom (2000-2008), Russia (2008-2012), China (2012-2017), and the Middle East (2016-2018) dubbing the approach opportunistic, rather than aiming for a more sustainable way to develop the sector. “As it should be in terms of politics, we believe that the time has come to act rationally and turn to...