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Property Sales

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.

Property sales improved in January 2010

According to figures published by the Cyprus Department of Lands and Surveys, property sales improved last month compared to the number sold in January 2009.

Cyprus overseas property market collapse

Figures issued earlier today by the Cyprus Department of Lands and Surveys reveal that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers during the year.

Property sales in Cyprus fell in 2009

Although the number of properties sold in Cyprus during December 2009 showed an overall improvement on the number sold during December 2008, total property sales over the year fell.

Cyprus property sales: December 2009 report

The number of properties being sold in Cyprus improved marginally last month. However, demand is still very low compared to previous years and some believe the Island’s property market will never return to the heady days of 2007.

Cyprus property sales: November 2009 report

Falling property sales in Cyprus continue to add to the islands economic woes. The latest figures to come out of the Cyprus Land and Surveys Department reveal that property sales have halved this year compared to last.

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