Cyprus Property Market Overview: Q2 2021
The report is available here.
Blog
Seven things to consider when buying a home
Buying a house is one of the most important decisions that an individual will have to make in their lifetime. The most fundamental question to ask before making the purchase is whether you actually have the money or not; many start by looking for a house before getting their finances in order. After that, there …
Fail whilst trying to change the world
We don’t celebrate failure properly. Someone who has failed is someone who has tried, quite unlike those who sit on the sidelines and criticise. Failure has to do with encouraging and celebrating effort rather than outcome, something that is often lost as we tend to focus only on the “winners” in particular industries, sectors, sports, …
How to sell your property quickly and for the right price
Without proper preparation, you can find yourself facing unwelcome surprises While most people think that selling a property is easier than buying one, things are never that simple and there are several important factors to consider during the entire selling process. Firstly, in the preparation stage, you need to decide what the starting selling price …
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As societies change so do properties
Demographic and social changes impact the housing market In the US, large companies and high-net-worth individuals who purchase houses and apartments either to resell them or rent them to third parties, currently make-up 20% of all property buyers. This trend has been progressing in an upward direction for the last two years, as people with …
When a friend dies a part of us dies with him
I was raised spending a lot of time with my four grandparents and two great-grandmothers. I enjoyed listening to them talk about their youth, of a time where people worked the land, when they were faced with real hardship, and when risk-taking was a matter of survival. My parents are from Limassol; my dad from …
Money and Fame
Scorpions’ “Wind of Change” is probably one of the most iconic rock songs of the early 90s. The song was composed following the band’s visit to the Soviet Union at the height of perestroika, when large-scale socioeconomic reforms were taking place across the Eastern Bloc. At the time, we bought singles on 7’’ vinyl; on …
Why hands-on real estate asset management matters
As WiRE FS, we show particular interest in real estate asset management with a specific focus on being hands-on. From our experience, the value of any property – and ultimately the return on investment – is proportional to the amount of attention it will receive and the management practices that you will follow. In Cyprus, …
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When a blind man cries
“When a blind man cries”, an amazing song by Deep Purple, is a metaphor of someone who is shut off from the rest of the world but also shut off by others for being blind. Cyprus has been hiding its weaknesses and deficiencies from others, including from its own people, for a long time, hoping …
Cyprus Property Market Overview (Q1-2021)
The report is available here. Stability in real estate demand and prices in Nicosia and Limassol, with downward pressure in the other cities due to their reliance on overseas demand and sizeable exposure to the tourism sector. Increased demand from locals for residential real estate, mainly apartments, utilizing the government’s interest rate subsidy incentives to create …