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Top rated property investments agency Cyprus: Alliance members include large (working all over the island) and medium-sized (specializing in one region) developers. In addition to large and medium-sized players in Cyprus, there are also small developers – family companies, initially focused on the domestic market. They do a great job, both in design and quality, however in foreign markets nothing is known about them. For such companies, opening representation in other countries, participation in foreign exhibitions and events, arranging advertising campaigns and so on is too complex, both financially and organizationally. We would happily like to note that some family-owned developers have already been accepted into the Alliance and we are open to further work in this direction. Read additional details at property for sale in Cyprus.

Main objective of Cyprus Developers Alliance is to make the process of property selection and acquisition as comfortable as possible. Cyprus Developers Alliance offers thousands of properties throughout the entire island in all property categories. The choice is truly versatile. We can offer several options of property selection. However, the most important process and our main task, as we see it, is not only to present and show projects. Most important is to clearly understand your goals! Sometimes even to help to clarify or even formulate them. After all, a buyer does not always know the realities of the Cypriot real estate market in order to clearly determine from the very beginning what will suit him/her best. Knowing the goals, we can offer the most suitable projects corresponding to them.

Here is a typical example of how the Government of Cyprus has solved the issue of properties of Turkish Cypriots who used to reside in the Southern part of the island and abandoned their houses leaving for the Northern unrecognized part of the island after the conflict of 1974. Such properties are simply left as they were while the rights of their owners are preserved inviolable until now. We are proud of the way we have solved this complex issue.

Here is an example. Suppose a developer has built an apartment house having obtained a credit from a bank to the amount of euro 500 thousand. A customer purchases one of the apartments amounting to euro 200 thousand from the developer. The bank calculates whatever share of the developer’s debt falls on this apartment as per the approved formula. Suppose this value comprises euro 40 thousand. The customer pays the apartment value in the following way – he/she transfers 160 thousand to the developer and 40 thousand to the bank. In response the bank prepares a document (that is called a waiver – assignment of claim) that implies that the bank does not have any claims related to this apartment. This document shall be issued prior or simultaneously with contract depositing.

According to official data from the Department of Lands and Geodesy of Cyprus, the real estate market on the island continues to show steady growth. In February 2023, the total number of transactions was registered, which increased by 8% compared to the previous year. This figure is the highest in the third month of winter since 2008. The most significant growth in property sales was recorded in Famagusta (45%), followed by Paphos (21%), Larnaca (18%) and Limassol (6%). In Limassol, most of the contracts were registered, which confirms the constant interest of buyers in this region. However, in the capital of the Republic of Nicosia, real estate sales fell by 18%. In the first two months of 2023, the total number of transactions was 2222, which is 17% more than in the same period last year. If you are looking for a property in Cyprus, our Cyprus Developers Alliance team is ready to assist you in finding and buying a home. We offer quality services and an individual approach to each client. Contact us today to start your property search in Cyprus today.

What is Cyprus phenomenon? Why has this relatively small island become a favourite holiday and permanent residence place for a great number of foreigners from all over the world? Let us make a short list of Cyprus advantages. Wonderful climate and a healthy environment – We have lately asked one of our clients why he chose Cyprus in particular? His answer was brief – “because Cyprus is the only European country where one can bathe in the sea in November”. There are moreover 320 sunny days a year in Cyprus. At the same time there are mountains in Cyprus with snow cover in winter and with 4 ski lifts installed for skiers. Read more details at cyprus-alliance.com.