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November property sales up 39%

Property sales in Cyprus rose 39 per cent in November compared with November 2016 with sales increasing in all districts according to official figures from the Department of Lands and Surveys.

Cyprus property sales up 21% in October

Property sales in Cyprus rose 18 per cent in October compared with October 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.

September property sales up 8 per cent

The number of property sales in Cyprus during September 2017 rose by 8 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys.

Rise in overseas property sales continues

The steady increase of overseas property sales Cyprus continued in August according to the latest official statistics published by the Department of Lands and Surveys with sales in Famagusta leading the way.

Cyprus property prices continue to rise (Update)

RICS (Cyprus) reports that Cyprus property prices are continuing to rise in the thirteenth edition of its Index, with the prices of apartments and houses across Cyprus rising by 1.3 per cent and 2.3 per cent respectively during the first quarter of 2017.

Limassol rents skyrocket

Demand for rental properties in Limassol has grown in recent years as local buyers have difficulty in obtaining home loans due to the banks’ stringent loan conditions and because it attracts plenty of foreign businessmen.

Land values also recovering

As home prices enter recovery, so do land values, particularly in Limassol which has already attracted property developers from other coastal areas such as Paphos and Famagusta.

Overseas Cyprus property sales rocket

The surge in Cyprus property sales in May that we reported last Thursday was helped significantly by a more than three-fold increase in sales to the overseas market according to official figures.

Strong surge in Cyprus property sales

There was a strong surge in the number of Cyprus property sales during May, with the number of contracts deposited at Land Registries across the island up 59 per cent compared to May 2016.

Marginal rise in property prices

Cyprus property prices rose marginally during the third quarter of 2016 for the first time since the end of 2009 according to the Residential Property Price Index published by the Cyprus Central Bank.

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