![[ Call us today on our freephone number 08000 751 777 ]](/share/img/top_phone_number.png){kind=small}
Cyprus Property News
- Got questions?
-
No need to wait for answers - Chat to one of our advisors online now!
Click to chat now
We are the UK’s leading experts on Cyprus property and we are regularly featured in the UK media alongside our properties. Morpheus Investments Cyprus property news has been featured in newspapers and magazines as diverse as the Daily Mail, Daily Telegraph, Mail on Sunday, Homes in the Sun and the BBC.
Below is a selection of useful Cyprus property news and expert articles from our team.
Россияне продолжают приобретать недвижимость на Кипре даже в условиях экономического спада
December 17, 2008
Кипр гарантирует безопасность вложений, говорит глава инвестиционной компании.
Все больше россиян выводят деньги из страны и делают безопасные и надежные вложения в недвижимость Кипра (по данным аналитического отчета).
За последние несколько месяцев российский рынок недвижимости и инвестиций ощутил влияние глобального экономического спада, однако особенно сильно на его состояние повлияли падение цен на жилье и обвал котировок на российской фондовой бирже.
Снижение фондовых индексов РТС и ММВБ заставило россиян рассмотреть возможность вложения своих средств в более надежные источники дохода.
«Россияне, как и все остальные инвесторы, хотят быть уверенными в том, что заработанные ими деньги не пропадут, и будут работать на них, - сказал Дерек Хаттон, директор киприотского агентства недвижимости Morpheus Investments. – Пока на рынках других стран продолжается сильный спад, цены на жилье в Кипре остаются стабильными. По информации агентства Knight Frank, за последний квартал ее стоимость выросла на 9%. Задумываясь о покупке недвижимости, необходимо удостовериться, что строительство объекта будет доведено до конца. Я рад отметить, что гольф-курорт в Терсефану (Ларнака) недавно получил одобрение правительства Кипра на начало строительства».
Заморозка строительства многочисленных жилых объектов в Москве и других регионах России как последствие экономического спада уменьшило былую уверенность инвесторов в сохранности их вложений в российскую недвижимость.
Примером удачной инвестиции можно назвать приобретение у компании Morpheus Investments жилья стоимостью 188 тыс. евро летом прошлого года. Этим летом недвижимость была оценена в 255 тыс. евро, что означает прирост около 70 тыс. евро. Эта тенденция сохранится, утверждают представители компании. Ежегодно Кипр привлекает тысячи туристов и покупателей из за рубежа (например, Великобритании и Скандинавии), а это означает, что сильный рынок аренды и продажи сохранится и в будущем.
«Кроме того, ваши инвестиции будут работать на вас круглый год – ведь 300 дней в году на Кипре светит солнце, - сказал Хаттон. - Кипр издавна пользуется популярностью среди российских покупателей, и инвестиционная привлекательность Кипра намного выше, чем, скажем, Болгарии».
Компания Morpheus Investments является членом Международной Ассоциации специалистов недвижимости (AIPP). Целью Ассоциации является повышение профессионализма компаний на международном рынке недвижимости.
Компании, входящие в AIPP, добровольно подписываются под этическими стандартами ведения бизнеса (http://www.aipp.org.uk/code_of_conduct.asp). Кодекс стандартов ведения бизнеса был создан с целью помощи потребителям в выборе профессиональной компании недвижимости.
Russians Head for Cyprus as the Russian Housing and Stock Markets Continue To Suffer
Cyprus offers security for their money says one investment company
A growing number of worried Russians are taking their money out of the country and placing it in the safe haven of Cyprus, according to reports.
The Russian property and investment market has been feeling the pinch of the global economic downturn for the last few months, however, has been hit hard by recent drops in house prices of late, along with major falls in stocks and shares in the last two months.
The RTS Index and the MICEX stock index has had hundreds of points wiped from its value in the past months, and this is having an impact on the number of Russians looking to put their money into a less volatile place to ensure its continues to appreciate.
“Russians are the same as anyone else, and they want to make sure that when they work hard for their money that it is safe and is going to work just as hard for them,” explains Derek Hatton, Director of Cyprus estate agency Morpheus Investments. “While investments in other countries have been suffering, Cyprus house prices have remained stable, with Knight Frank recording house price growth of 9% in the last quarter of this year alone. Another thing to consider is whether or not a project you are buying into will actually be completed. I am pleased to say that our 5 star golf resort in Tersefanou, Larnaca, has recently received government approval to go ahead.”
In contrast, work on the Russia Tower in Moscow, which was planned to be the tallest building in Europe, has been halted because of the downturn in the country, leaving many investors uncertain of what the future holds for investments in Russia.
One recent buyer with Morpheus Investments purchased his property in Cyprus last summer for €188,000 and had it revalued this summer at €255,000 - growth of around €70,000. The company expects this to continue as Cyprus attracts thousands of tourists and property buyers from other countries such as the UK and Scandinavia, which means a strong rental/resale market in the future.
“The added benefit of this is that you can actually use your investment all year round as Cyprus enjoys 340 days of sunshine per year,” added Hatton. “Cyprus has long been a favorite of Russian buyers and has a lot stronger investment case going for it that in Bulgaria for example.
News That UK House Prices are to Fall by 30% in Total, Highlights the Safety of the Cypriot Propert Market
December 16, 2008
Morpheus Investments has fielded a number of calls from concerned Brits looking to take their money out of the UK and into Cyprus.
The head of the Barclays Bank has issued a dire warning about the UK economy and predicted that the already beleaguered housing market will suffer a further fall of 15% before the end of the financial crisis.
In an interview with Sky News, Barclays’ chief John Varley said that the UK was only “halfway” through the housing crisis, adding: “from the top to the bottom, you would see a fall of something like 25% - 30%”.
Derek Hatton, Director of Cypriot property specialist Morpheus Investments, said that he has already fielded calls from worried clients looking to salvage whatever savings and equity they have in their UK property and invest in Cyprus.
“This is not a good time to be a UK homeowner,” says Hatton. “As soon as you think that a bottom might be appearing in the UK market, further warnings come like this. I have had two calls since this story broke asking me for a rundown on our portfolio in Cyprus. It has hit young and old alike. Even those of us that sell overseas property own homes in the UK as well! The younger generation just wants to get on the ladder, while the older citizens are worried about their retirement and their disappearing pensions. Fortunately for our clients, we have a diverse spread of options available in Cyprus for them at a range of entry levels. We also have relationships with lenders too.”
According to the latest NatWest UK House price information, house prices across Britain have fallen by 13.9% since November 2007, or around £25,000. The average house price in the UK now stands at £158,442.
Other independent statistics also confirm the decline, with the latest Global House Price Index from Knight Frank showing UK price growth as a whole has fallen 10.2% since Q3 2007 and dropped 19 places on the world rankings.
“Lithuania, Canada, the UK and Norway saw the biggest falls in Q3, with prices falling by around 5% in just three months,” confirmed a spokesperson.
In contrast, Cypriot house prices have remained constant throughout the global economic downturn. According to the Knight Frank Index, Cyprus recorded an average of 9% growth across the island in the last three months of this year.
“No one is pretending that Cyprus is untouchable,” added Hatton. “However, it is in the fortunate position of having a good supply-demand chain and a growing number of buyers from all over the world helping secure resale prices. A client of ours purchased his property in Cyprus last summer for €188,000 and had it revalued this summer at €255,000. This is growth of around €70,000 and we expect this to continue. We have also started marketing our golf course property in Tersefanou, Larnaca and this helps prices grow as well. A recent survey from KPMG found that golf course properties retain their prices and grow by an additional 10% - 15% on average.
Due to be built in the town of Tersefanou, the 5 star Larnaca Golf and Country Club, will comprise of an 18-hole championship golf course, over 500 residences, breaking down to 285 two to four bedroom villas, 211 one, two and three bedroom apartments and 40 ‘hotel-style’ rooms in the complex. Alongside this will be a clubhouse, a village square and purpose built function rooms and spa facilities.