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  • 13 May 2019 Petrolina will move storage units by years end

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  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Brits continue to set up home here

AFTER the turmoil of the banking crisis in March and fears about foreigners flocking from the island, those in the industry in Paphos say more have arrived in the last few months than have left. Owner of Peter Morton Removals – PMR – which has been operating in Cyprus for more than eight years – says the last eight months in particular, have seen a massive increase in the number of expats moving to the island. “Previously our ratio of people of all nationalities leaving Cyprus to those coming here to live was about 80/20. This year, this figure has now changed to about 50/50 and most of them are British,” he said. Natalie Alexiou of Alexiou Real Estate agreed. She said an increasing number of British clients have approached her in recent weeks, with the intention of renting property in Paphos. “Most of them are looking for short term rentals though. I presume this is to see if they like living here. Most are requesting three or six month contracts.” However, Alexiou said she believes it will be some considerable amount of time before the British purchase real estate in Cyprus and show trust the banking system again. “People are being very cautious”. And their sentiments were reflected by a third company – rental specialists 123-asap, which said a steady flow of Brits are still moving to Paphos. “We have all sorts of people looking for homes. They have moved here from the UK and are interested various types of properties, from the villages to the Tomb of the Kings road,” a spokesman said. “They haven’t been put off by the banking crisis at all,” she said. Morton says that recent weeks have become so busy for their team two new members of staff are being employed to help with the work load. Although many Brits are aware of friends or acquaintances leaving the island, he says 

Read more at: http://www.news.cyprus-property-buyers.com/2013/09/15/brits-continue-set-home/id=0015722
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