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Property Sales

Weak recovery in overseas property sales

The recovery in the Cyprus overseas property market is still very weak and estate agents are looking for new markets as a result of the drop in demand.

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.

Domestic property sales improve

Although the recovery in Cyprus’ beleaguered overseas property market appears to be faltering, domestic sales are strong with growth so far this year in double-digits.

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.

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.

Sales to non-Cypriots improving slowly

Foreign interest in the Cyprus property market is showing signs of a slow recovery following last year’s disastrous performance, with sales during the first half of 2010 up 9.6% on last year.

Property market showing signs of recovery

There are signs that the Cyprus property market may be on the road to recovery boosting hopes that an end to the crisis in the sector is approaching.

Cyprus property sales statistics (April 2010)

Property sales in April indicate that the recovery of the Cyprus property market may have faltered, although it is not clear why this has occurred.

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.

Foreigners show little interest in property market

Foreign interest in the Cyprus property market is showing no sign of a recovery at the start of the year with sales in January down by more than 28 percent on last year.

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