According to the development plans of Cyprus, the main bet in 2011 will be mainly on premium class objects. Every year, the real estate market is increasingly focusing on wealthy people, the island gradually but confidently changes its face, infrastructure is actively developing, modern roads are being built, embankments, towns, yacht centers are reconstructed.
According to experts, it is Cyprus that will soon compete with resorts such as Monte Carlo and the Cote d’Azur.
Billion investments are scheduled for this year, thanks to which exclusive residential complexes and villas will be created.However, we are far from Cyprus, so it is better to buy new buildings in St. Petersburg
For the current year, the beginning of the construction of a skyscraper, the first on the island, is planned, and for another ten years, five more similar projects are expected, due to the lack of land near the sea. It is planned that apartments will cost at least one million euro.
Another promising segment in the real estate market will be the construction of elite villas and cottages. As you know, great demand was known for complexes, for example, from a dozen villas, today the situation is changing towards the construction of exclusive real estate, there is an increase in prices for this category up to 10% per year.
A number of significant reasons have contributed to this trend, one of the main ones – the provision of a residence permit, subject to the acquisition of housing in the amount of 300 thousand euros. In addition, the current financial climate is attractive for foreigners, Cypriot banks actively provide loans to developers, including foreign ones, over the past year the number of such transactions has increased more than twice.
New investments are attracted thanks to the formed circle of famous VIP persons, which already have their own possessions on the island and are considered a privileged class.
Russians, in turn, are considered leaders in the purchase of Cyprus real estate, in 2010 some well-known politicians, leaders of large companies and representatives of show business acquired objects here.
Thus, information and positive reviews quickly spread in wide circles.
It has become prestigious and status and fashionable to have an apartment or a villa in Cyprus, in addition, there are assumptions that the resort will become closed and a place for a limited circle of people. Only companies that re -profile their business in the elite sector will be successful in the region.However, we are far from Cyprus, so it is better to buy new buildings in St. Petersburg
