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Disappointing start for property sales

Property sales got off to a disappointing start in the first month of the new decade, but stayed ahead of the number sold in January 2017 according to official figures from the Department of Lands & Surveys.

August property sales fell 10 per cent

The number of property sales in Cyprus during August fell 10 per cent compared to the corresponding month last year according to the latest figures released by the Department of Lands and Surveys.

December property sales crash

Following nineteen consecutive months of rising property sales in Cyprus, December 2018 sales saw a crash in their number according to official figures published by the Department of Lands and Surveys.

Small drop in non-performing loans

Although non-performing loans had fallen by €180 million at the end of January compared to the previous month, as a percentage of total loans the figure remained the same at 47.2 per cent.

Slight fall in property sales (Update)

The number of property sales in Cyprus fell slightly in April compared to the numbers sold in April 2016 with increases in Nicosia, Limassol and Paphos wiped out by falls in Larnaca and Paphos.

Cyprus property sales falter in February

Having got off to a promising start to the New Year in January, property sales in Cyprus faltered in February with numbers falling in all five districts compared to the numbers sold in February 2016.

NPLs at post December 2014 low

Non-performing loans (NPLs) in the Cypriot banking system fell to a post December 2014 low in August according to statistics released by the Central Bank of Cyprus to stand at €24.55 billion.

Steps to prevent Cyprus property price falls

Solutions are being sought from the Finance Ministry that will prevent property prices in Cyprus falling when the banks sell off the properties that have accumulated on their balance sheets as a result of repossessions and debt-to-asset swaps.

Cyprus property prices stabilising

Although Cyprus property prices continued to fall during the third quarter of 2015, there are signs that they may be stabilising in some areas according to the RICS (Royal Institution of Chartered Surveyors) Cyprus Property Price Index.

August property sales weaken

Reversing the positive trend of recent months, the number of property sales in Cyprus during August fell compared with the number sold in August 2014 according to the Department of Lands & Surveys.

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