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Property Sales

Property sales in Cyprus slump to a 2 year low

Property sales in January hit a year low heightening concerns that the real estate sector will continue to suffer problems in 2011.

Sales up in 2010 but outlook bleak

Despite the continued fall in sales over the last six months of 2010, the number of properties sold in Cyprus increased by five percent over the year compared with 2009.

Overseas property market recovering despite problems

The Cyprus overseas property market is showing signs of recovery in spite of its problems, with sales to non-Cypriot buyers up fifteen percent in 2010 compared with 2009.

Overseas sales remain steady in November

The Cyprus overseas property market remained steady last month with sales during the first eleven months of this year maintaining their 8 percent increase on the numbers sold during the first eleven months of 2009.

Total sales continue to fall during November

The number of properties sold in Cyprus fell for the fifth consecutive month during November, sparking worries of the difficulties facing the market in 2011.

Overseas sales maintain slow recovery

The slow recovery of Cyprus’ overseas property market continued last month with sales during the first ten months of the year up by 8 percent on the numbers sold during the first ten months of 2009.

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.

Weak recovery in overseas property sales continues

The weak recovery in Cyprus’ overseas property market continued during September with sales during the first nine months of the year up by nearly 3 percent on the numbers sold during the first nine months of 2009.

Cyprus overseas property market review

It is hard to believe that the Cyprus overseas property market has collapsed so suddenly and so dramatically. In a few short years, sales of property to overseas investors have plummeted significantly compared to the numbers formerly sold.

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