News

Easy, Enjoyable and Efficient Property Viewings in Cyprus

Easy, Enjoyable and Efficient Property Viewings in Cyprus

As more and more people choose to buy a second home abroad, either for their own use or as a wise investment, the internet allows developers and sellers to present their portfolios online with detailed descriptions, extensive photos, and often even virtual tours. The value of online property searches cannot be overstated; however, once you

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Cyprus Set to be Europe’s Newest Investment Funds Hub

Cyprus Set to be Europe’s Newest Investment Funds Hub

The European Union as a whole has been affected by Brexit and as the deadline approaches a notable shift in UK firms looking elsewhere can be seen. As investment and fund managers are looking for stability outside the UK Cyprus has seized the opportunity to provide attractive legislation, thus setting the country on the road

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Protaras Prepares for a New Era

Protaras Prepares for a New Era

It’s not a secret: When seasoned travelers visit a holiday destination and are looking for the best restaurants, what do they do? They follow the locals The same applies to beaches in Cyprus. Follow the permanent residents and you’ll find a steady flow of the inland population driving towards Protaras every weekend.

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The Cyprus Equivalent of the NHS has Initiated Phase One After Years of Planning

The Cyprus Equivalent of the NHS has Initiated Phase One After Years of Planning

Cyprus has developed over the years in many sectors, such as real estate,international business in Cyprus and shipping. The health care sector is no exception to this development, and after extensive planning and preparation, Cyprus is proud to offer the equivalent of the UKs NHS in the form of GESY. What is GESY? GESY (general healthcare

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Frequently Asked Questions Affecting the Real Estate Market in Cyprus (FAQs)

Frequently Asked Questions Affecting the Real Estate Market in Cyprus (FAQs)

Our clients ask and SkyPrime Group replies! Some of the most frequently asked questions in real estate business in Cyprus:   Client: Will I have to pay the VAT for plots/land in Cyprus, and how much is the current rate? SkyPrime Group: There is not a straight forward answer to this question yet. In most

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Cyprus Economy Expands as Cyprus Becomes a Regional Hub of Business

Cyprus Economy Expands as Cyprus Becomes a Regional Hub of Business

The economic growth of Cyprus is expected to remain strong according to recent forecasts. GDP continues to grow at 3.1 per cent in 2019 with a predicted steady growth in 2020 of 2.7 per cent. Unemployment has dropped significantly from 8.4 per cent in 2018 to 6.7 per cent in 2019 with predictions of an

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A 360-Summary of the Cyprus Real Estate Market

A 360-Summary of the Cyprus Real Estate Market

In terms of sales and investment in real estate in Cyprus, last year was one of the best since the financial meltdown of 2013. Especially property that is in one way or another associated with tourism witnessed a very welcome revival in parallel with the record-breaking number of tourist arrivals. Also boosting the market was

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Limassol Cyprus, Named in Top 100 Cities

Limassol Cyprus, Named in Top 100 Cities

Name any city, and you’ll find it has a following of friends, fans, and others who are indifferent. But when Mercer’s lists Limassol in its top 100 cities worldwide in terms of quality of life, everyone in Cyprus smiles – because that is something we’ve known all along.

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Updates to the Cyprus Investment Program

Updates to the Cyprus Investment Program

The Cyprus Council of Ministers approved changes to the Cyprus Investment Program that will come into effect from the 15 May 2019. What is the Cyprus Investment Program? The Program enables non-Cypriots who meet specific criteria and invest a certain amount of money in Cyprus property to become a citizen of Cyprus.

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Short Term Lettings – Boosted by the Cyprus Investment Program

Short Term Lettings – Boosted by the Cyprus Investment Program

The success of the Cyprus Investment program over the years has resulted in an increase of investment in property. Through investment in property, many have realised the benefits of renting property, specifically the benefits of short term letting. International apps such as Airbnb and other platforms have enabled owners of properties to rent their property.

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Strong Economic Growth Reflected in the Cyprus Property Market

Strong Economic Growth Reflected in the Cyprus Property Market

Following a successful year for the Cyprus economy, it is set to maintain strong growth for the next few years according to the European Commissions forecast. A strong economy goes hand in hand with the rise of property sales and the figures do not disappoint.

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The Power of the Cyprus Economy – Past, Present & Future

The Power of the Cyprus Economy – Past, Present & Future

After the financial crisis of 2013, Cyprus is now not only recovering well but also regarded as a rapidly developing country that is attracting serious foreign investors. The history of the Cyprus economy could make its recent quick recovery less surprising.

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Ayia Napa for All Seasons

Ayia Napa for All Seasons

Ayia Napa, the small seafront resort on the southern coast of Cyprus, has triggered several taglines. From ‘the paradise of the Mediterranean’ to the ‘sun-worshippers Mecca’, it is seen by different people in different ways. That is because its beauty and appeal varies according to the season and according to the visitor’s expectations.

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What to Expect for the Cyprus Real Estate Market in 2019

What to Expect for the Cyprus Real Estate Market in 2019

Cyprus has seen great success in real estate development and sales in 2018. With a number of investment upgrades and support from the Cyprus Investment Program, the market has flourished in 2018 – but what does 2019 hold for the Cyprus Real Estate Market?

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Benefits of Gaining Cyprus Citizenship

Benefits of Gaining Cyprus Citizenship

Cyprus is an EU country that receives all EU benefits and rights. As a citizen of Cyprus these rights and benefits are extended to citizens improving the quality of life. Cyprus Citizenship is not just accessible for those born in Cyprus, exclusive individuals may apply for citizenship and acquire a second passport.

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Connect to SkyPrime Group on Social Media

Connect to SkyPrime Group on Social Media

Here at SkyPrime Group we highly value our contact with clients, believing communication is key to an excellent service. Due to this we have taken steps to keep clients informed on the latest news and developments on all aspects of the SkyPrime Group.

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Cyprus Taxation Attracts International Businesses

Cyprus Taxation Attracts International Businesses

Cyprus not only offers a favourable tax system but what many business owners have recognised as a favourable work-life balance. A surplus of blue flag beaches, restaurants, bars and entertainment, Cyprus is a well-rounded option for international business owners.

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Variety of Nightlife and Entertainment in Cyprus

Variety of Nightlife and Entertainment in Cyprus

During the week, nightlife is naturally a bit slower, but on weekends, residents and holidaymakers alike enjoy the colorful after-hours activity. What’s interesting is that, despite the island’s small size, every town has its own ‘brand’ of evening entertainment that is exciting in its own right and worth exploring.

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Cyprus Upgraded to Investment Grade

Cyprus Upgraded to Investment Grade

Cyprus’ sovereign rating has been upgraded by Fitch Ratings to investment grade, ‘BBB- ‘from ‘BB+’, with a stable outlook as the island expects a 2.7 percent fiscal surplus this year and continuous growth that will boost receipts.

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Cyprus Property – To Buy or to Rent?

Cyprus Property – To Buy or to Rent?

It’s the million-dollar question: Is it better to buy or to rent a home? The fact is, from country to country, generation to generation, year to year, and from person to person, the answer varies, depending on market conditions and personal circumstances.

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Tis the Season to Invest in Real Estate

Tis the Season to Invest in Real Estate

Summer is over, fall is here, and with it the first tentative plans for the year-end celebrations. This is the season for family gatherings, winter breaks, and of course, it is the season of giving and receiving.

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Cyprus Economy Growth and Development

Cyprus Economy Growth and Development

With the success of the Cyprus Investment Program alongside holidaymakers who fall in love with the island and make it their home, the real estate sector in Cyprus is growing at a rapid pace.

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Cyprus: Home of 64 Blue Flag Beaches

Cyprus: Home of 64 Blue Flag Beaches

The coastline that borders the turquoise Mediterranean waters is a key feature and the magnet that attracts the majority of holidaymakers who choose to visit in summer. Some beaches are sandy – like the sweeping bay of Nissi Beach.

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What Kind of Education can you Expect in Cyprus?

What Kind of Education can you Expect in Cyprus?

In Cyprus, education is for everyone, and it is compulsory for children from the age of 5 to 15. The different stages of the local education system are pre-school kindergarten, primary school, lower and higher secondary schools, and higher education at tertiary colleges and universities.

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How Cyprus is Becoming the Epicentre for Investors and a Business Hub in the Eastern Mediterranean

How Cyprus is Becoming the Epicentre for Investors and a Business Hub in the Eastern Mediterranean

Cyprus has a strong history of providing a hub for business trade and investment and this shows no sign of changing, laying the foundation for further development in the future with an ever-expanding Cypriot economy.

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Living in Cyprus – Guarantee of a Better Life

Living in Cyprus – Guarantee of a Better Life

Have you ever imagined moving to a sunny Mediterranean island? If so, you’re not alone. The vision of living in Cyprus, whether permanently or for a few months every year, is quite common. In fact, many have turned this vision into reality, taking advantage of the weather, the sea, and the island’s hospitality.

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Update to the Cypriot Investment Program

Update to the Cypriot Investment Program

Introduced in 2013 to generate economic growth in Cyprus, this investment program has seen incredible success. Since the introduction of the scheme in 2014 and in a previous form in 2008, Cyprus has granted citizenships to 1,685 investors and 1,651 family members.

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What is the Best Month to Visit Cyprus?

What is the Best Month to Visit Cyprus?

  It’s common practice: after identifying an attractive destination, the first thing you do is try to find out which time of the year is best for a holiday – especially if you are sensitive to weather conditions. If you’re interested in visiting Cyprus, you are likely to have come across endless articles that describe

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5 Tips for Successful House Hunting in Cyprus

5 Tips for Successful House Hunting in Cyprus

Buying a house is an important milestone in many people’s lives. This is because it usually involves a significant investment, also because your personal property is in many ways a direct reflection of your lifestyle and personality.

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Ayia Napa – Attracting Investors in the Hospitality and Real Estate Industry

Ayia Napa – Attracting Investors in the Hospitality and Real Estate Industry

For a long time, Cyprus has been attracting many entrepreneurs from abroad who are interested in alternative investments. The demand for real estate is constantly increasing and many entrepreneurs recognise Cyprus as a different investment solution, particularly hotels in Cyprus due to the continuous growth of tourism.

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Temporary Casino to Open in Limassol Cyprus

Temporary Casino to Open in Limassol Cyprus

It has now been confirmed that a temporary casino in Limassol is set to open its doors to the public on June 28 after receiving its license. President of the integrated casino property Craig Ballantyne informed reporters the site has a capacity for about 1,200 people and is set to attract about 25,000 people per month.

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SkyPrime Group Welcomes High Net Worth Individuals in Cyprus

SkyPrime Group Welcomes High Net Worth Individuals in Cyprus

Dual citizenship offers many benefits; however, it is a privilege for the few. While most people enjoy rights in their own country, access to opportunities and incentives around the world is the greatest luxury of all.

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Sotira Municipality Prepares for Coastal Makeover

Sotira Municipality Prepares for Coastal Makeover

Since 2016, Sotira Municipality has been tweaking and polishing a detailed and far-reaching plan for the development of its beachfront at Ayia Thekla. The masterminds of the plan met with all the relevant government departments to finalize and take the first real steps to start converting the plans into reality.

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Ayia Napa Investments – Cyprus Investment Magnet

Ayia Napa Investments – Cyprus Investment Magnet

In and around Ayia Napa, a number of real estate projects are already taking shape, in particular high-end residential developments, from luxurious, centrally located compact apartments to exclusive mansions in picturesque settings, either directly on the seafront or with easy access to it.

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Investment in Ayia Napa and Protaras as Cyprus promotes all year-round tourism

Investment in Ayia Napa and Protaras as Cyprus promotes all year-round tourism

Visit Ayia Napa and Protaras and you’ll soon realize why it ranks as the ‘hottest’ holiday resorts in Cyprus the sandy beaches are whiter; the sea is bluer, and the greenery is lusher. With demand for top quality accommodation and infrastructure equally high, the opportunities for carefully chosen investments are shimmering in the sun.

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Cyprus Economy 2018 – Further Growth Expected

Cyprus Economy 2018 – Further Growth Expected

Consistent high growth rates exceeding 3% of the GDP and high primary surpluses are expected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the Council of Ministers.

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5 Reasons why Cyprus is Perfect for Families

5 Reasons why Cyprus is Perfect for Families

This is truly a place where family values still exist, where children come first, and family life has priority. That’s why expatriates from around the world have chosen to move here with their families, and many who travel extensively for business in the region have made this their family base.

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Invest in your Family’s Future…

Invest in your Family’s Future…

The Passport Index examines and compares the passports of the world and ranks them by their total visa-free score. The Index for 2018 gave the Cyprus passport a power rank of 14, based on the fact that it allows its holders to travel to 158 countries visa-free.

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Investor alert: Where to invest in Ayia Napa

Investor alert: Where to invest in Ayia Napa

A survey focusing on investments in property in and around the area concluded that the value of assets in Ayia Napa is expected to increase significantly, even in the short term, especially in the vicinity of the upcoming Ayia Napa Marina.

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Expanding the Potential for Investment in Cyprus

Expanding the Potential for Investment in Cyprus

Cyprus in general and the Ayia Napa, Protaras area in particular, could with the right infrastructure attract a whole new segment of the travel market. Hotels and the real estate component of the tourism industry could benefit significantly from targeted upgrades

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