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Decline in Cyprus property prices continues

Although property prices in Cyprus continued to decline in all districts during the first quarter of 2015, there are indications that residential property prices in Paphos, Larnaca and Famagusta may be stabilising.

Property prices in decline four and a half years

The RICS Cyprus Property Price Index has recorded a steady decline in the prices of residential houses and apartments across the island since its introduction in the last quarter of 2009.

Serious decline in construction sector continues

The decline in the island’s construction sector continued in September with the number of building permits authorised during the month falling by 30 percent compared to the same period last year.

Law of supply and demand will take care of prices

The law of demand and supply will take care of rental and sale prices of property much better than politicians would ever do. The market will adjust to the new economic conditions.

The MoU and its impact on banking and real estate

As the Cyprus economy has been in a downward spiral for two to three years, it would be unfair to argue that the MoU with our international lenders is responsible for the fall in property values and demand.

Property sales plumb new depths in May

Property sales in Cyprus during May recorded their biggest decline in recent years with sales declining 75 per cent compared with May 2012 and numbers falling in all districts across the island.

Home sales hit a record monthly low

With property sales in Cyprus once again hitting a record monthly low in April, there appears to be a growing interest by overseas buyers in the districts of Paphos, Larnaca and Famagusta.

Construction in Cyprus continues decline

Figures released by the Cyprus Statistical Service (CySTAT) earlier today show that investments in the island’s construction sector are continuing to decline as the economic downturn continues

Great Cyprus property crash continues in 2013

Property sales in Cyprus are on course to set an all-time record low in 2013 with sales in January down by more than 50 per cent on the corresponding month last year, posting the lowest monthly figure on record.

Cyprus property sales continue downward spiral

Property sales in Cyprus continued to decline in October with overall sales falling more than 20 per cent compared with October 2011, but there are some signs that the downward trend may be starting to slow.

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