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Property Sales

Non-Cypriot demand for property collapses

Demand for properties by non-Cypriots in the first five months of the year has fallen by nearly 80%. Some estate agents believe that a full recovery will not happen before 2012.

Property sales continue decline

Property sales in Cyprus are continuing to decline according to figures released by the Department of Lands and Surveys.

Cyprus property sales continue to fall

According to the latest Cyprus Land Registry figures, the number of contracts for the sale of property fell by almost 55% in April this year compared to last.

Sales of Cyprus property plummet

Developers and real estate agents are bracing themselves for one of their worst years in history following the news that Cyprus property sales are continuing to plummet

Property sales to foreign buyers in sharp decline

Figures published by the Cyprus Land Registry reveal that the number of properties being sold to foreign buyers is in sharp decline.

Sales of property in Cyprus nose-dive

The number of properties being sold in Cyprus has nose-dived in recent months following the latest phase of the global financial crisis.

Cyprus property sales down 50 per cent

PETER Paradisos, the marketing manager for Maispa Developers said property prices in Cyprus were falling steeply even though he didn’t have any official figures as yet. “I would say enquires and sales are down by 50 per cent. If you’re a good salesman you can close a deal on most enquiries, but if they aren’t […]

Cyprus property sales on ominous downward trend

THE number of contracts deposited at the Land Registry gives a good indication of how many new properties are being sold in Cyprus. In the first eleven months of 2008, 14,403 contracts were deposited. This compares to the 19,478 and 15,500 deposited over the same period in 2007 and 2006 respectively. But what is even […]

Property sales in Cyprus fall

ACCORDING to the Cyprus Land Registry, the number properties being bought fell dramatically during the first eleven months of 2008. Their figures reveal that the number of property sale contracts transacted between January & November 2008 showed a 27.9% year-on-year reduction, while contracts transacted in November showed a 60.5% year-on-year decline. Commenting on these figures […]

Sales of coastal property in Cyprus slump 40 per cent

ACCORDING to a report in today’s Cyprus Mail, there has been a significant slump in sales of property in the coastal areas of the island. The worst hit areas are Paphos, Paralimni and Protaras although Limassol and Larnaca are also feeling the effect. Property sales in coastal areas have dropped up to 40 per cent […]

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