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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 October 2019 Landmark Agreement between Cyprus and the United Kingdom

    FULL details of the landmark agreement between Cyprus and the United Kingdom... read more

  • 3 October 2019 Breaking News Potential Change to Definition of Russian Tax Residency for Individuals

    Individuals spending 90 days a year in Russia, or having their centre of... read more

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... 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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