Cyprus Property Market Reform

Cyprus Parliament adopted a law reforming the real estate market on the island. The new law protects both sellers and buyers, reducing bureaucratic procedures.

A representative of the Cyprus Government argues that the new law is beneficial to both foreign investors, major players in this market, and ordinary Cypriots. Previously, property owners carried certain title risks, which made it difficult and limited to real estate transactions. Now these problems are eliminated, and the rights of all owners are protected. State control over the observance of property rights is tightened. The rights of investors and citizens when investing during the construction phase are also protected. Simplified procedure for obtaining permits for new construction.

Cyprus property market has always been attractive to foreign investors. Cyprus is very popular with tourists from all over the world, the republic has a stable economy - all this guarantees the profitability of investments in Cyprus property.New legislation should increase the attractiveness of local real estate, increase the demand for it, give a new impetus to this market. And you are aware that at FroGik.Ru you can download Tomb Raider: Survival Edition without registration for free. The best portal Runet. All for free and by direct link!

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