fbpx
was successfully added to your cart.

Cart

All Posts By

imperio

Cyprus applied for Schengen Membership in September

By | Citizenship, Cyprus, Latest Posts

The Minister of Foreign Affairs in the Republic of Cyprus Nikos Christodoulides told the MPs on Monday, November 5, that the government has applied to become part of the Schengen Area earlier in September.

Speaking to the House Committee on Finance, while presenting the proposed budget for 2020, Minister Christodoulides said that the Republic of Cyprus has declared its readiness to become a member of the Schengen Area, and now it is up to the EU to start the evaluation process.

The government has submitted the application for security reasons and we are now expecting the European Union to come and start its evaluation process which is divided in five parts,” Minister Christodoulides said.

Cyprus is one of the four EU but non-Schengen countries, alongside Romania, Bulgaria, and Croatia, the three of which have completed the five-stage evaluation process and are now waiting for admission.

The country has been unable to join the Schengen area so far, due to its territorial division, that has followed the events of 1974, when a coup attempt took place in the island country.  It is, however, part of the European Union since May 2004.  In January 2008 Cypriots started using the Euro as the official currency of the country.

After his speech in front of the MPS, Minister Christodoulides was asked by the MP Marinos Sizopoulos regarding the issue of the Golden Visas granted by the Republic of Cyprus. The Golden visa operated by Cyprus is a scheme that permits foreigners who invest a specific amount of money in the country, to obtain citizenship, and an EU passport at the same time, which grants the holder with the right to move through the whole EU and most other countries located in Europe.

In January 2019, the European Commission had presented a report on investor citizenship and residency schemes operated by a number of EU countries, which identified the risks coming from such schemes as money laundering, tax evasion, and corruption.

Among others, the reports highlighted that in the EU, Bulgaria, Cyprus, and Malta were the only countries granting investors with citizenship without the obligation of physical residence. It also outlined the steps that must be taken to address these concerns.

In mid-February, the cabinet of the government of Cyprus approved several changes to the golden visa scheme, in accordance to the EU guidelines, including stricter criteria for applicants, background checks by a specialized foreign firm, and immediate rejection of applicants that have already been rejected from any other EU member.

Christodoulides told Sizopoulos that due to this issue Cyprus has asked the EU to proceed with the first part of the Schengen membership application evaluation so that the country could have access to the EU inside information.

That’s how we can have access to EU inside information so as to strengthen the country’s security in relation to people coming over to Cyprus,” Christodoulides said.

Source: schengenvisainfo.com

cyprus, top50happiestcountries, happiestcountries, happiestcountriesintheworld, happycountries, cyprusdaily, dailymail

Cyprus amongst the happiest countries in Europe!

By | Latest Posts

Cyprus are amongst the top 50 happiest countries in Europe according to a new index developed by scientists.
The system for judging a nation’s satisfaction is based on official statistics rather than questionnaires answered by some of the population.
Data on a country’s development, freedom, solidarity, justice and peace are measured to build rankings and work out how people can be made happier.
Of 13 countries on which the index was tested, Iceland and Sweden come out on top, with a 76 out of 100 score. Austria places third on 74, and the UK fourth with 69.
Experts hope analysing countries this way could help develop strategies for their countries to improve people’s happiness.
Here is the table:

source: Cyprus Daily

Facebook
Twitter

Cyprus, cyprusgdp, gdp, q1, 2019, cypruseconomy, economy, growth, economist

Cyprus: Growth softens but stays resilient in Q1

By | Latest Posts

Growth decelerated to 3.4% in year-on-year terms in the first quarter of the year, down somewhat from the previous quarter’s 3.8%.

Outstanding a breakdown by components, the accompanying press release points out that growth was mainly supported by the following sectors: hotels and restaurants, retail and wholesale trade, construction, and manufacturing.

In seasonally-adjusted quarter-on-quarter terms, the economy increased 0.9% in the first quarter, matching Q4’s expansion.

More detailed national accounts data will be released on 7 June.

Growth is expected to moderate this year, as debt repayment restrains consumer spending, although should remain solid nonetheless. Particularly, healthy wage and job gains should cushion the slowdown, while buoyant construction activity will fuel a strong rebound in fixed investment. Downside risks to the outlook include a disorderly Brexit, a banking system burdened by non-performing loans and large stocks of private and public debt.
FocusEconomics panelists expect GDP to increase 3.1% in 2019, which is unchanged from last month’s forecast, and 2.6% in 2020.

Author: Massimo Bassetti, Economist

misirlis, kathimerini, economistnewyork, economist, imperioproperties, imperio, limassol, cyprus, brexit, investincyprus

MISIRLIS: “BREXIT’S UNCERTAINTY BRINGS INVESTORS IN CYPRUS”

By | Latest Posts

Ο Αναπληρωτής Πρόεδρος του Παγκύπριου Συνδέσμου Επαγγελματιών Ανάπτυξης Γης μιλούσε στο συνέδριο Economist New York.

Στην αγορά ακινήτων της Κύπρου αναφέρθηκε από το βήμα του συνεδρίου του Economist στη Νέα Υόρκη, ο διευθυντής του ομίλου Imperio Γιάννης Μισιρλής, τονίζοντας πως βρίσκεται σε στάδιο ανάκαμψης, μετά την κρίση του 2013 και πως με τους σημερινούς σταθερούς οικονομικούς δείκτες της οικονομίας αλλά και τα θετικά ιστορικά δεδομένα, η αγορά ακινήτων της χώρας στηρίζεται, αυτήν την στιγμή, σε πολύ σταθερά και υγιή θεμέλια.

Αναφερόμενος στους φόβους μιας νέας ύφεσης σε παγκόσμια κλίμακα, ο κύριος Μισιρλής, δήλωσε πως οι μηδενικές αποδόσεις των ευρωπαϊκών κυβερνητικών ομολόγων, όπως της Γερμανίας, και η αβεβαιότητα του Brexit οδηγούν τους λιγότερο ριψοκίνδυνους επενδυτές να επενδύουν σε ακίνητα μίας από τις ταχύτερα αναπτυσσόμενες οικονομίες της Ευρώπης, η οποία αυτήν τη στιγμή, βλέπει τους περισσότερους δείκτες της αγοράς στο πράσινο.

«Το κανονικό μέγεθος της αγοράς κατά τη δεκαετία που προηγήθηκε της παγκόσμιας χρηματοπιστωτικής κρίσης (1999-2007) ήταν 13,000 ετήσιες συναλλαγές. Έτσι, υπάρχει πολύς δρόμος ακόμα από τις 9,200 συναλλαγές που έγιναν πέρυσι.», σημείωσε χαρακτηριστικά ο διευθυντής της Imperio, συμπληρώνοντας, παράλληλα, πως οι θεμελιώδεις αρχές και οι δυνάμεις της αγοράς δημιούργησαν μερικές πολύ συναρπαστικές ευκαιρίες στην αγορά ακινήτων που προορίζονται για ενοικίαση.

Επίσης, ο κύριος Μισιρλής, στάθηκε στο γεγονός πως τα έργα που σχετίζονται με τον τουρισμό και τις φοιτητικές εστίες βλέπουν μεγάλο ενδιαφέρον από διεθνείς και θεσμικούς επενδυτές. Τέλος, ο Αναπληρωτής Πρόεδρος του Παγκύπριου Συνδέσμου Επαγγελματιών Ανάπτυξης Γης, κύριος Μισιρλής, εξέφρασε τη βεβαιότητά του πως το Brexit δημιουργεί μια σειρά ευκαιριών, κυρίως οδηγώντας διεθνείς επενδυτές ακινήτων μακριά από το Λονδίνο και περισσότερο προς στην Κύπρο.

Source: Kathimerini

barbicanheights, imperioproperties, imperio, properties, barbican, limassol, cyprus, hillsofpanthea, panthea, exclusiveproperties, luxuryproperties, highendproperties, panoramicviews, urbanliving

BARBICAN HEIGHTS

By | Latest Posts

Barbican Heights is an ideal home for those who enjoy the finer things in life, and for buyers seeking a promising property for investment in a desirable location.

The development’s contemporary design combines refined architecture and materials of exceptional quality to deliver homes that balance sophisticated style with everyday functionality, all enhanced with amazing panoramic views of Limassol and the Mediterranean Sea.

Set in a beautiful environment, Barbican Heights comprises 20 three-bedroom apartments with large covered and uncovered verandas overlooking the landscaped gardens and communal swimming pool. By capturing a distinct dimension of luxury rarely associated with city life, Barbican Heights is destined to be a residential development that offers its owners the best of urban living in Limassol.

Occupancy: 03/2021

See Project 

levanteresidences, imperioproperties, imperio, limassol, cyprus, properties

STRIKING INTERIORS WITH A SENSE OF PROVOCATIVE ELEGANCE

By | Latest Posts

Levante Residences establishes the standard for luxury living with its striking interiors, fitting location and impressive communal services. Being located within walking distance of the Mediterranean Sea, Levante Residences finds itself conveniently located nearby a wide range of amenities such as coffee shops, luxury boutique stores, gourmet restaurants and sandy beaches.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

limassol, city, cyprus, qualityoflife, top100cities, imperioproperties, imperio, properties, bestplacetolive, qualityofliving, qualitylife, qualityliving

LIMASSOL IN TOP 100 FOR QUALITY OF LIVING

By | Latest Posts

Limassol has been placed in the top 100 cities worldwide in Mercer’s quality of living rankings for 2019.

Mercer’s, the world’s largest human resources consulting firm, ranked Limassol 86th of 231 cities in its annual report.

In first place is Vienna, followed by Zurich. Vancouver, Munich and Auckland share the third spot. The rest of the top ten are European cities: Dusseldorf, Frankfurt, Copenhagen, Geneva and Basel.

The ranking indicates differences in quality of living factors affecting expatriates in popular assignment destinations.

The bases of the quality of living ranking is ongoing research on the practicalities of daily life for expatriate employees and their families.

“Factors such as climate, disease and sanitation standards, ease of communications, and physical remoteness can often affect the success of a foreign assignment. Moreover, the local political and social environment, political violence, and crime may give rise to potentially uncomfortable, inconvenient, or even dangerous situations,” the company explained.

The survey is used by companies to calculate compensation for employees who are sent to locations away from home.

Source: Cyprus Mail

misirlis, cyprus, steadyrecovery, positiverecovery, recovery, realestate, realestatemarket, realestate2018, inbusinessnews, imperioproperties, imperio, iconlimassol, limassol

CYPRUS SEES A POSITIVE STEADY RECOVERY IN THE REAL ESTATE MARKET FOR 2018

By | Latest Posts

Steady recovery in the Cyprus real estate market is expected in 2018, with demand expected to continue progressively, according to several market experts, as published in a recent news article from InBusinessNews, a leading news portal of Cyprus.

2017 was noted as a very good year, during which the recovery of the economy of Cyprus had a definite impact on the real estate sales volume. The sales volume of the year demonstrated a clear recovery of the real-estate market, and a very similar trend should be expected to take place in the New Year, as the economy expands further.

As InBusinessNews reports, the Vice-Chairman of LBDA (National Land and Building Developers Association), Mr Yiannis Misirlis, commented that a sharp change of prices in 2018 is not expected, nor desirable. “Prices were in decline until a couple of years ago, then stabilised, and 2017 was the first year which saw marginal growth. We should expect further marginal growth for the New Year. Therefore, capital appreciations in the region of 3-4 per cent coupled with rental yields, which are currently at 4-5 per cent for residential units, means that traditional core strategies are starting to see increasing investment yields.”

Commenting on any notable moments in 2017, Mr Misirlis remembered the September meeting of LBDA with Troika (the tripartite committee led by the European Commission with the European Central Bank and the International Monetary Fund, that supervised the Economic Adjustment Programme for Cyprus) during which Troika recognised the healthy recovery of the property sector taking place. As Mr Misirlis said, “the Cyprus real estate sector is entering a stabilization path, away from the dangerous moves and the extreme lending that prevailed in the past.”

In a private discussion, Mr Misirlis also commented on the “vertical growth” of Limassol, as a result of the construction of a number of high-rise buildings. “The lure of building skyscrapers is rising as developers and the Government see the benefits they bring to businesses, citizens, tenants, and the city’s profile. This is putting supertall buildings on the development agenda, propelled by economic expansion, and the desire to maximise land value.”

“We expect these stand-out structures to be increasingly command a rental and valuation premium”, Mr Misirlis adds.

While construction costs of high-rises can be high due to issues such as overcoming wind forces and ensuring energy efficiency, the gain can be worth it. “These ‘vertical communities’ not only generate investment opportunities, but also create value for the surrounding areas, helping lure crowds, drive sales and rental prices”, concludes Mr Misirlis.

misirlis, cyprus, realestate, opportunitites, telaviv, businessforum, recovery, realestatemarket, investmentopportunities, imperioproperties, imperio, limassolicon, limassol

OPPORTUNITIES IN CYPRUS REAL ESTATE AT CENTRE OF TEL AVIV BUSINESS FORUM

By | Latest Posts

This is the right time to invest in Cyprus real estate according to Mr Yiannis Misirlis, Director at Imperio and Vice Chairman of Cyprus Land & Building Developers Association. Mr Misirlis addressed this important issue at a Business Delegation and Forum in Tel Aviv earlier this week, while presenting the opportunities in real estate in Cyprus under his authority as a Board Member of Cyprus Chamber of Commerce and Industry (CCCI).

The forum was put together by the CCCI and the Cyprus Ministry of Energy, Commerce, Industry & Tourism in co-operation with the Cyprus-Israel Business Association and the Israel Chamber of Commerce, in an aim towards the promotion of business relations between the business communities of Cyprus and Israel. The focus sectors of the forum included real estate, the funds industry and professional services.

Following an analysis of the real estate market cycles, Mr Misirlis addressed the forum by discussing the status of the real estate sector in Cyprus as being in the “recovery” period, soon to enter the “expansion” phase. This is supported by an extensive analysis of data on sales transactions over the past ten years, indicating that while annual sales might not reach the figures recorded in 2007 where the real estate market was at its peak, Mr Misirlis expressed optimism that the growth will continue, placing the market into a healthy position.

Recovery of the real estate market was also apparent during the first half of 2017, restoring optimism to industry professionals, as it was revealed that in the first quarter of 2017 an increase in real-estate values of 4% was recorded, reflecting the higher demand and transaction activity.  According to many real estate analysts, this stage is therefore the most appropriate time to invest in real estate, before the market enters the expansion phase, causing prices to increase.

A key point made by Mr Misirlis during the presentation is that a further increase in demand from foreign buyers was recorded during the first half of 2017, with sale contracts filed by foreigners recording a sizeably large increase compared to the first half of 2016. He identified Cyprus as one of the top performers in Europe and attributed this success to the various incentives introduced by the Cyprus Government in recent years, and to the impressive recovery of the Cyprus economy.

A special emphasis was given to the different investment opportunities which can be found in Cyprus for real estate investors, such as ambitious high-rise developments, the recently permitted integrated Casino Resort, Marinas, golf-course developments, and the recent growth in Limassol’s ever-growing skyline.