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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 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

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

Finally the agreement to use the land within the British Bases

Agreement release land creates possibility urban development in an area of ​​198 square kilometers within British bases signed this morning for the official visit of the President of the Republic in London.
 
The agreement signed between the Foreign Ministers Kasoulidis John and William Hague at Carlton House, the official residence of the British Minister, in the presence of President Anastasiadis. When signing Mr Hague commented that the agreement is a lot of work.
 
The development potential of land owners concerns 15 communities, five by ten Kokkinochoria in Limassol, corresponding to 78% of the total area of ​​British bases.
President: Historical signing an agreement in Cyprus - UK
 
Historical featured the President Nikos Anastasiadis signing the Agreement between the Government of the Republic of Cyprus and the Government of the United Kingdom which is to regulate the development of property within the limits of the SBA.
 
Expressing great satisfaction over the agreement signed today, he says, in a statement that the "Agreement is a historical development in terms of Foundations, where after 53-plus years since the founding of the Republic gave a generalized setting development within the limits of the SBA. "
 
Negotiations, he said, began on 2 October 2013 and was completed recently in Nicosia after ten meetings of the negotiating teams.
 
Equal rights for residents of bases
 
Among other things, he said, the agreement allows the integration of a large part of the territory of the bases in urban areas, which will now be allowed to develop. More specifically, he said, 78% of the territory of the SBA area of ​​about 200 square kilometers and includes the total private property falls in the above setting.
 
Ensures said President Anastasiadis, "equal rights for residents and property owners in the British Bases in relation to the population of the NT for the development of property within the limits of BB '.
 
Removes also "all applicable restrictions regarding the beneficiaries of the acquisition and development of property within the SBA in order to apply to the territory of the SBA that of the Republic of Cyprus in relation to the acquisition and development of properties by European citizens and other third countries. "
 
Aligns the situation in the British Bases, noted, in relation to what applies to Cyprus and normalizes the lives of residents of the SBA.
 
Ability economic development of the areas
 
Also noted President Anastasiadis, enables growth areas within the SBA, with all its attendant positive effects on the welfare of the residents of the communities, and helps boost the overall economy of Cyprus.
 
At the same time confirms the historical position of our side that the British Bases in Cyprus are to be used exclusively for military purposes and generally ensures the vital national interests of the Republic of Cyprus in relation to those areas of the SBA.
 
Moreover, the agreement brings now a new air of optimism for residents SBA and those who have property in Foundations, as it opens up huge potential for economic growth and activity in a very difficult economic period and a testament to the implementation of the package to restart the economy I had announced on April 19, 2013 and included, among other things, the agreement with the British for the non-military development in the British Bases.
 
Meeting on 22 January
 
The President noted that he has already given instructions and next Wednesday, January 22 at 10am will convene a meeting chaired by the presence of the competent Ministers, provinces, representatives of communities that have property within the limits of the SBA, Presidents and Members the relevant parliamentary committees, Members of Lemesos, Larnaca and Famagusta where there are the British Bases, and representatives of organized groups and organizations for presentation and analysis of the Agreement.