Following the several Coronavirus lockdowns , as well as the conflict in Ukraine and uncertain socio-economic conditions worldwide, the global real estate market has seen unprecedented growth in 2022. This is perhaps best illustrated in Cyprus, where the
Cyprus implemented the provisions of the 5th AML Directive into domestic law. This establishes central registers of ultimate beneficial owners.
In Cyprus two such registers are established:
the Register of Beneficial Owners of Companies; and
Cyprus reopens tourism industry.
Cyprus,has intensified efforts to lure vaccinated tourists .
Cyprus has already opened its door to tourism while Greece followed suit as of May 14.
Just like other competitors, Cyprus is eyeing tourists from the UK,Ge
Our website offers a wide range of houses for rent in Larnaca. Call +357 24650384 to arrange a meeting with one of our real estate agents in Larnaca. Larnaka, which was initially known as Kition, is the oldest living city of Cyprus. Legend has it that Noah’s grandson Khittim founded the first settlement. Unlike other ancient cities of Cyprus, which were abandoned by their inhabitants, Larnaka has continuously been inhabited since the city was founded 6000 years ago.
Being in the crossroad of civilization from the early dawn of history, Larnaka has attracted many visitors. Some came as colonizers or traders, while others were invaders, conquerors or tourists. Some of the nations that passed through Larnaka include the Greeks, Persians and Egyptians as well as the Romans, the Byzantines, the Franks, the Venetians, the Turks and the British. Today all the three million travellers and tourists that enter Cyprus from the city’s Airport, Port and Marina visit Larnaka.
The Mycenaean Greeks established the Kition City Kingdom in the 13th century. At the time, the city thrived, as it was a copper trade hub as well as home to a rich port. Recent excavations have revealed the city’s Cyclopean walls and a number of Mycenaean temples. The city’s fortified port and shipyards are of a later period. Larnaka is also the birthplace of philosopher Zenon who taught in Athens in the 4th century BC. The Byzantine period was one of the most culturally rich epochs of the city as multiple monuments were built which still stand today such as the 9th century AD Basilica of Saint Lazarus. The town regained its standing during the Ottoman rule when it became the diplomatic and commercial centre of the island. The British, who entered the island from Larnaka, ruled from 1878 to 1960. The recent history of the town follows the very fast development of all of the country. In 1973, the population of Larnaka was 22.000.
In 1974, Turkey invaded Cyprus and the Turkish army displaced by force about 200.000 Greek-Cypriots, the inhabitants of its Northern part. Larnaka welcomed over 40.000 refugees, thus tripling its population overnight, now at 65.000.