imperio

This is the right time to invest in Cyprus real estate according to Mr Yiannis Misirlis, Director at Imperio and Vice Chairman of Cyprus Land & Building Developers Association. Mr Misirlis addressed this important issue at a Business Delegation and Forum in Tel Aviv earlier this week, while presenting the opportunities in real estate in Cyprus under his authority as a Board Member of Cyprus Chamber of Commerce and Industry (CCCI).

The forum was put together by the CCCI and the Cyprus Ministry of Energy, Commerce, Industry & Tourism in co-operation with the Cyprus-Israel Business Association and the Israel Chamber of Commerce, in an aim towards the promotion of business relations between the business communities of Cyprus and Israel. The focus sectors of the forum included real estate, the funds industry and professional services.

Following an analysis of the real estate market cycles, Mr Misirlis addressed the forum by discussing the status of the real estate sector in Cyprus as being in the “recovery” period, soon to enter the “expansion” phase. This is supported by an extensive analysis of data on sales transactions over the past ten years, indicating that while annual sales might not reach the figures recorded in 2007 where the real estate market was at its peak, Mr Misirlis expressed optimism that the growth will continue, placing the market into a healthy position.

Recovery of the real estate market was also apparent during the first half of 2017, restoring optimism to industry professionals, as it was revealed that in the first quarter of 2017 an increase in real-estate values of 4% was recorded, reflecting the higher demand and transaction activity.  According to many real estate analysts, this stage is therefore the most appropriate time to invest in real estate, before the market enters the expansion phase, causing prices to increase.

A key point made by Mr Misirlis during the presentation is that a further increase in demand from foreign buyers was recorded during the first half of 2017, with sale contracts filed by foreigners recording a sizeably large increase compared to the first half of 2016. He identified Cyprus as one of the top performers in Europe and attributed this success to the various incentives introduced by the Cyprus Government in recent years, and to the impressive recovery of the Cyprus economy.

A special emphasis was given to the different investment opportunities which can be found in Cyprus for real estate investors, such as ambitious high-rise developments, the recently permitted integrated Casino Resort, Marinas, golf-course developments, and the recent growth in Limassol’s ever-growing skyline.

The Icon is an extension of the skyline of Limassol, with its unique stretch of land and high end residences on the Mediterranean coastline. Inspired by the unique shape of a luminescent diamond, The Icon was designed to house exclusive residences and a spectacular infinity-edge pool and restaurant on the 10th floor with uninterrupted views of the Mediterranean Sea.

The Icon benefits from unique, life enhancing amenities spanning over two entire floors and overlooking the blue waters of the Mediterranean Sea. Life at The Icon will transcend expectations with lush interiors and living areas, sports, leisure and lifestyle amenities.

Occupancy: 12/2020

See Project 

 For The Icon’s construction progress click here 

Yiannis Misirlis, Director at Imperio, was elected as a Member of Board of Directors of the Limassol Chamber of Commerce and Industry (LCCI) at the 56^th Annual General Meeting, which took place on October 23^rd at the Limassol Chamber. The tenure applies for the years 2017-2020.

The Annual General Meeting commenced with a speech by Mr Nicos Kouyialis, the Cyprus Minister of Agriculture, Rural Development and the Environment, representing the Government and spoke about issues related to the positive developments within the Cyprus economy. Mr Costas Galatoriotis was re-elected this year as President of the Board of the LCCI.

The LCCI was established in 1962, and currently represents over 750 companies, with the aim to protect the interests of Limassol’s business community as well as encourage the economic development and sustainable growth in Limassol.

Article can be found here.

The impressive contemporary project Ivy Residences, located in Mesa Geitonia in Limassol, is just 30 days away from completion. Along with high standard design, Ivy Residences provides the best quality in the daily life of residents. The easy access to central avenues, to Limassol City Centre, and the beach makes this property’s location an ideal one.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

#CreatingMemories

According to The Guardian:

Violence, preventable diseases and traffic accidents are to blame for a widening of the youth mortality gap between the developed and developing world, according to a new Guardian analysis of the most recent World Health Organisation (WHO) data.

The most dangerous country in the world to be a young person (defined as aged between 15 and 29) is Sierra Leone, with one youth in every 150 there estimated to have died in 2015. Its youth mortality rate per 100,000 (671) is almost 100 people higher than the next country on the list, war-torn Syria (579).

Cyprus is the safest of the 184 countries analysed, with a death rate of almost one in every 4,762 youths, while Denmark, the fifth safest, halved its number of young deaths between 2000 and 2015. The United Kingdom (one in every 3,030 young people) is ranked just outside the top 10 safest countries, behind Israel.

Source: The Guardian

The new issue of Exclusive Magazine is out now!
In this edition you will find attention-grabbing articles ranging from looking from the evolution of skyscrapers to an exclusive interview with the creators of PAT (Plant a Tree) Shoes. There is nothing as good as brunching with friends, and in this issue we have tracked down the best 5 brunching places so you can enjoy maple syrup pancakes or quiche followed by the mesmerising Aphrodite trail in Akamas.

Click here to read the digital issue.

To order your hard copy please contact our well-trained Customer Service team or visit our website.

The interesting presentation “Limassol, Upcoming Development, pluses and minuses”, organised by the Limassol Architects Association at the Municipal Cultural Centre “Panos Solomonidis”, was completed today, June 2.

The aim of the presentation was to encourage a public debate on the need for an integrated and a sustainable development policy, in view of the rapid growth that transforms our city.

The position of Yiannis Misirlis, Deputy Chairman of the Cyprus Land and Building Developers Association and Director of Imperio Group, is based on the creation of an alternative development model with a long-term vision.

As he said in his presentation, “The right Urban Planning creates an alternative development model capable of responding to the needs of modern citizens. Tall mixed-use buildings create a community and are important in upgrading cities and improving the quality of city life. Tall buildings are necessary for Limassol. Not only do they upgrade the city, the environment and the product, but they also offer a lifestyle that citizens are increasingly looking for”.

In conclusion, “Limassol is changing and offers new challenges and opportunities. With a long-term vision and serious investment in architecture, urban design and development, we can create a wonderful world-class city”.