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1st December 2022
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Tag: slump

June saw Cyprus property sales slump

The number of Cyprus property sales in June fell 17 per cent compared to June 2018 but at the time of publishing we cannot say whether it's due to a fall in domestic or foreign sales (or both).

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.

Building permits slump 39 per cent

The decline in the island’s construction sector continued in October according to the latest figures released by the Cyprus Statistical Service with the number of building permits authorised during the month falling 39 percent.

Property sales slump slows

Although property sales during the month of November was less than the number sold in the same month last year, the annual rate of decline has slowed to 41 percent according to the latest Land Registry statistics.

Nightmare slump in sales continues

Less than three weeks after Cyprus was hailed as the world's weakest housing market, the nightmare slump in property sales continues according to the latest figures from the Land Registry.

Severe property slump grips the island

The second quarter of 2013 saw property prices across Cyprus experience one of their sharpest falls in recent years as a consequence of decisions taken by the Eurogroup on 15th and 27th March.

Building permits slump

Uncertainty in the Cyprus construction industry continues with the awaited signing of the island's bailout agreement with international lenders and an indefinite strike by construction workers.

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