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All reports tagged with: "slowdown"

Slump in Brits buying homes in Europe

Britons buying homes abroad have fallen by a quarter compared to a year ago since the EU referendum said Moneycorp’s chief executive Mark Horgan in an interview with Reuters news agency.

Construction slowdown continues

The slowdown in the island’s construction sector persists with the number of building permits issued in Cyprus continuing to fall in September, according to official statistics.

Have property prices reached rock bottom?

Residential property prices across the Island have been falling for some time. Have they reached rock-bottom? is there an upturn on the way? What do the price figures from RICS reveal?

Forty percent fall in residential buildings

The number of new houses authorised in January fell by forty percent compared with January 2011 and the number of new residential properties being built is unlikely to increase until the number of unsold apartments and houses is reduced.

Mari explosion slowed growth in construction sector

The explosion of confiscated munitions stored at the Mari naval base on July 11th that killed 13 people and devastated the Vasiliko power station has pushed the Cyprus economy into recession and slowed growth in the construction sector.

Slowdown in construction sector continues

Latest figures from the Statistical Service confirm that the slowdown in the Island’s construction sector continues with the number of building permits issued in March falling by 23.4 percent compared with March last year.

Fears for property crisis heighten

Exceptionally low numbers of properties are being sold in Cyprus compared to previous years heightening fears of a much longer crisis in the Island’s property industry than earlier anticipated.

Domestic property sales decline in September

Figures published yesterday by the Department of Lands and Surveys reveal that the number of properties sold in the domestic market is declining in the second half of the year.

Property sales slump to new low

The number of properties sold in Cyprus during August fell to their lowest level since January 2009 according to figures issued by the Department of Lands and Surveys.

Cyprus overseas property market recovery faltering

The recovery in Cyprus’ beleaguered overseas property market may be faltering according to the latest figures released by the Department of Lands and Surveys.

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