BEVERLY HILLS, CA—Realty Group International plans to expand its reach into the upcoming energy boom in the European country of Cyprus. Saying that it is the first American realty company to do substantial business in the region,  RGI has developed an alliance with Antonis Loizou & Associates, the most recognized and respected real estate company in Cyprus with over 3000 properties for sale.

Directly contracted with the Cypriot firm, RGI also has satellite offices in New York, Paris, Rome, Barcelona, Cyprus and Rio De Janeiro. 

Recognizing that Cyprus has a massive potential for economic and residential growth due to a recent discovery of large deposits of natural gas, a recovering market and an underrated tourism destination, RGI owner and CEO Michael Fiscina says, “Real Estate investors are looking internationally for new buying opportunities with a better return on their investments.  Most of the investment opportunities from the US crash in 2008 have been exhausted, not as many deals emerged in 2014 due to the decreasing availability of short sales, foreclosures and higher market rate sales.  We see countless homeowners taking advantage of the possible temporary housing bubble and are getting out when the market is at its peak.”

Fiscina adds that these sellers and investors are not necessarily re-investing; the common reason is because they are waiting for the market to deflate before they re-purchase and many sellers choose to rent instead.

Market research indicates that investors from other European nations, China and the Middle East are the primary participants showing interest in the island nation of Cyprus, in part because its real estate investment laws allow for obtaining residency and citizenship in the European Union.

"Investors who purchase property totaling nearly €300,000 (around $340,000) are eligible for permanent residency with visa-free travel throughout the EU; and now, through Realty Group International, Inc., this includes Americans as well," Fiscina says.  “These factors, and a real estate market that's still reeling from the recent financial downturn, are the reasons why properties in Cyprus are about to be red hot.”

Determined to provide their clients and potential investors with the essential information on the Cypriot market, RGI has brought on board American resident and native Cypriot, Hratch (James) Chaderjian as a consultant. Chaderjian was previously employed at the UN for nearly 10 years, and intends to brings a personalized approach to the unfamiliar investor.

“Since Americans are now intrinsically involved in the natural gas and oil drilling and production we feel it's important to have a Cypriot influence to provide our US citizens and companies a high level of consumer confidence to be able to comfortably purchase,” Chaderjian stated.  “It is necessary that the US investor be educated towards the fiscal developments and investment opportunities and in turn put Cyprus on the map for not only American but potential international investors.”

RGI is headquartered in Beverly Hills.