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Instability expected in Cyprus real estate sector

Instability expected in Cyprus real estate sector

Although it’s too early to make any conclusions, there are indications that the Cyprus real estate sector may experience significant instability and uncertainty in 2020 according to a PwC report. While the first half of 2019 recorded a 25% increase over the corresponding period of 2018, Q3 2019 saw a 35% decrease in the total value of transactions, dashing hopes for furth...
Fastigheter Sunday, 24 November, 2019
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Marginal rise in October property sales

Marginal rise in October property sales

October saw a marginal rise in Cyprus property sales compared to the corresponding month last year according to the latest official figures released by the Department of Lands and Surveys. During the first ten months of 2019, the number of sales has risen by 14% to reach 8,549 compared to 7,517 in the corresponding period last year. Although sales have declined by 1% in Famagus...
Fastigheter Wednesday, 06 November, 2019
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Rise in property sales led by local and EU buyers

Rise in property sales led by local and EU buyers

The rise in property sales during September was led by local and overseas buyers from the EU who between them purchased 47 (10%) more properties than September 2018 say official figures.There was a marginal rise of 1% in property sales during September compared with September 2018. While the combined total of sales to local and overseas buyers from the EU rose by 10%, sales to ...
Fastigheter Monday, 07 October, 2019
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Sharp rise in property sales in February

Sharp rise in property sales in February

February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.   Apart from a 48% fall in sales in December 2018 due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number of property sales has i...
Fastigheter Sunday, 10 March, 2019
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Property sales continue to rise in January

Property sales continue to rise in January

The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surveys. With the exception of December 2018, when sales fell by 48 per cent due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number ...
Fastigheter Monday, 11 February, 2019
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December property sales disappointment

December property sales disappointment

Following nineteen consecutive months of rising property sales in Cyprus, December 2018 sales saw a crash in their number according to official figures published by the Department of Lands and Surveys.During December a total of 800 contracts were deposited at Land Registry offices for the sale of commercial and residential properties and land compared with 1,537 in December 201...
Fastigheter Sunday, 13 January, 2019
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Cyprus real estate sector looking up

Cyprus real estate sector looking up

Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, with experts confident that sales transactions for 2018 will peak at an eight-year high. The number of 2018 H1 sales represent an uplift of 24% compared to the 3,610 sale contracts filed at the land registry during H1 2017. According to PwC, the messages in the report are c...
Fastigheter Tuesday, 13 November, 2018
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September - continuing rise in property sales

September - continuing rise in property sales

During September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared to September 2017 according to official figures published earlier today by the Department of Lands and Surveys. Property sales have been rising for 17 consecutive months and this September rise follows a rise of 14% in August, 21% in J...
Fastigheter Tuesday, 02 October, 2018
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Property sales up 14% in August

Property sales up 14% in August

Property sales have been rising for 16 consecutive months and this August rise follows increases of 21% in July, 2% in June and 23% in May. During August a total of 653 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 572 deposited in August 2017. Of the ...
Fastigheter Monday, 10 September, 2018
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Property sales up 21% in July

Property sales up 21% in July

The number of property sales in Cyprus continued to rise in July with the number of sales contracts deposited at Land Registry Offices across the Republic up 21 per cent compared with July 2017. This follows increases of 2% in June, 23% in May and 29% in April. During July a total of 896 contracts or the sale of residential and commercial properties and land (building plots and...
Fastigheter Tuesday, 07 August, 2018
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