Category: Real Estate / News / Insights - Page 4

Buying a home is a significant decision for a person or a family group. And it represents an essential initial outlay for any consumer's pocket. In Cyprus, a house's purchase requires a minimum amount saved, starting with 20% of a property's value. This is not available to everyone.

According to data provided by the Central Bank of Cyprus, house prices registered an annual fall of 1.4% in the third quarter of 2020. This is the largest drop in this period in the European Union (EU), according to official data. Furthermore, Cyprus had the largest quarterly drop (-4.8%) and the third-largest drop in the EU since 2010.

Virtual tours are an excellent way to get to know space through interaction with an environment. In the real estate tours offered on Viótopo, you will be able to know our properties remotely. We produce 360° virtual tours, fully interactive and immersive. With this tool we allow our clients to fully immerse themselves in different environments as if they were there.

Many ask us about the name we chose for our business. And here we have the answer: we chose the word Viótopo because we associate it with a pleasant place to live. We thought about integrating a real estate market and the added value that occurs around properties. In ecology, the biotope is a geographical area with physicochemical characteristics that allow the development of a living beings community. Thus, we find terrestrial biotopes such as tropical forests, temperate forests, and savannas, among others.

Nicosia announced last November 1st the withdrawal of the “Passport for Investment” program, one of the measures that the country launched during the Great Recession to obtain quality investments. All of this occurred amid accusations of the behaviour of a senior state official and a legislator regarding the program management. Until the situation is resolved, and new regulation is implemented, the program will not be in effect.

The United Kingdom of Great Britain and Northern Ireland exit from the European Union has been considered, by many, as the beginning of the British collapse. Meanwhile, there are others who do not even consider it a revolutionary act. What is true is that there will be those who will take advantage of the situation and who will be able to rearrange themselves. On the other hand, there will be those who, inevitably, will find themselves harmed by the decision made after the 2016 referendum.