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Property sales down 40 per cent

There is still no end in sight to the catastrophic downturn in the Cyprus housing market with real estate sales during August plummeting 40 per cent to reach a new all-time monthly low.

Real estate sales falter in June

The number of properties sold in Cyprus during June weakened, with the total number of contracts of sale deposited at Land Registry offices down 8 percent compared with June 2011.

Almost one in four properties are co-owned

Twenty four percent of properties in Cyprus, about 274,000, are co-owned of which the majority are located in Famagusta according to information received by MP Ionas Nicolaou of the DISY party.

Encouraging signs in domestic property sale figures

Although the overall picture for property sales in Cyprus last year was extremely disappointing, there are some positive signs in the figures for December, which show that domestic sales increased.

More than one thousand new home owners

Now that the crippling power cuts have ended and work has returned to normal, more than one thousand properties were transferred to their new owners in September.

Conveyancing property in Cyprus and due diligence

One of the issues that people face when buying real estate in Cyprus is that there appears to be no defined tasks that a lawyer is required to undertake when conveyancing property, which may lead to severe complications for the buyer at a later date.

Cyprus town of Limassol to get seafront upgrade

Work to revitalise the seafront at the Cyprus town of Limassol is expected to start in the New Year following the signing of contracts last week by the Mayor, Andreas Christou, and Georgios Anastasi, MD of the company running the project.

Cyprus companies linked to Greek property scam

Authorities in Greece and Cyrus are investigating a massive property scam ring that has been operating undetected for the past five years.

Cyprus property sales improving

The number of property sales in Cyprus during the first six months of the year has improved by almost a quarter on the number sold during the first six months of last year. However, they are still less than half of the number sold during the first six months of 2008.

Latest property sale figures for Cyprus

The beleaguered Cyprus property market has received some encouraging news from the Government’s Lands and Surveys Department with the publication of its property sale figures for February 2010.

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