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Property Sales

Is the Cyprus property market frozen?

THE ONCE lucrative property market has come to a standstill as buyers, sellers and banks wait for the full effects of the global credit crunch to show, said property experts yesterday. According to Charalambos Petrides, Vice President of the Property Valuers’ Association, the credit crunch has come at a time when the property market is […]

2008 property sales down 30 percent

THERE was a 30 percent reduction in sales of property in Cyprus during the first four months of 2008 compared to previous years, the House Commerce Committee was told yesterday. The statement was made by the deputy head of the Town Planning Department, Christodoulos Ktorides, who added that £370 million were received in transfer taxes […]

Falling Cyprus property sales

ACCORDING to reports in the Phileleftheros and Cyprus Mail newspapers, Capital Gains Tax receipts resulting from the sale of property in Cyprus during the first quarter of 2008 have dropped by more than 5 million Euro. The reports states that receipts in the first quarter of 2008 fell to €90.86 million compared with €96 million […]

Record year for Cyprus property transactions

During the first three months of this year property sales valued at £560 million have been made and it looks as if 2007 could set a record for the number of properties transacted on the island.

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