Cyprus Property Market Report: Non-EU Residents Drive Strong Demand for Real Estate in December 2023
In December 2023, the total volume of property transactions reached 2,074, an all-time high in 2 years of observations. The number of registered transactions increased by 17% compared to November 2023 and by 10% year-on-year.
Cyprus Property Market Report: Foreign Buyers Surge in late 2023
In November 2023, the total volume of property transactions reached 1,768, showing an increase of 19% over the same month last year (1,484 transactions). The number of transactions remained virtually unchanged compared to October 2023 with an increase of 1.7%.
From renting to permanent residence: a Tranio client's story of buying an apartment in Cyprus
Andrey, an entrepreneur from Moscow, enlisted the Tranio team's help to find an apartment for long-term rental in Cyprus. However, his aspirations evolved into purchasing an apartment for permanent residence for his entire family. In this article, we will delve into Andrey's first overseas property purchase and explore the key factors that influenced his choice of apartments in Larnaca for investment and personal residence.
Russian-speaking buyers of overseas real estate – 2023
As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.
Statistics: In 2022, Russians bought up thousands of apartments in Turkey, Georgia, and Dubai
The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.
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Transnational real estate investment: 2021 year-end results of Tranio’s survey
Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
Property in Cyprus: what to know and where to buy in 2020
Property in Cyprus was badly affected by the 2008 recession and the country's banking crisis in 2012, but better things are to come according to this article by Ivan Chepizhko.
Overseas financial activity of Russian HWNIs — a Tranio and EY joint survey, 2019
An increasing number of Russian HNWIs (high-net-worth-individuals) are notifying Russia’s tax authorities about their foreign bank accounts and controlled foreign corporations (CFCs). This follows Russia’s adoption of the Common Reporting Standards (CRS) in 2016, which facilitates the automatic exchange of information regarding bank accounts between partner countries’ tax authorities in a bid to combat tax evasion.
Russian and CIS investment outlook in overseas real estate – A survey by Tranio, 2020
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
Why is demand for investment-based Cypriot citizenship tanking?
Since May 2019, considerably fewer people have been applying for Cypriot citizenship after changes in the country’s citizenship-by-investment programme; nationality obtainment measures have been toughened. Tranio looks into the situation and how it might change going into 2020.
Five main trends in international real estate
How are things going on the global real estate market? What future challenges does it face? International real estate plaftorm Tranio presents an overview of the main trends that investors can focus on today and for the next year.
The golden visa effect: how the sale of citizenship influences European real estate markets
Tranio analysts investigate how
It’s now cheaper than ever to obtain Cypriot citizenship through investment
The government of Cyprus has lowered the financial threshold for its citizenship by investment program.
5 best places to buy property for €1.5 million in Europe
The best locations in Cyprus, Slovenia, France, Mallorca and Austria to spend €1.5M on property including taxes and other expenses.
The five best countries to buy property in Europe this year
It's been nearly a decade since the crisis and most European markets have now entered the recovery stage. Here's Tranio's breakdown of the best housing markets in 2016.