Overseas transfer limit raised to €1 million
The Cypriot authorities have increased the limit on the transfer of deposits/funds outside the Republic to 1,000,000/month/person/credit institution, up from the previous €50,000/month.
News
Annual property sales, 2014
For the first time since 2010 the number of property sales in Cyprus increased in 2014 compared to the previous year fuelling speculation amongst pundits that that this increase will continue in 2015.
Overseas property sales, July 2014
Property sales to the overseas market in July fell 11% compared to July 2013 with a total of 92 properties sold compared to 103 in July 2013.
Domestic sales, July 2014
Domestic sales in July increased by 26% compared with the same month last year, rising to 315 from 251.
Cyprus property sales increased by 51 per cent in June 2014
The Department of Lands and Surveys has published its monthly property sales report, which shows that property sales in Cyprus during June increased 51 percent compared to June last year.
Overseas property sales in May 2014
Property sales to the overseas market in May performed strongly with sales more than doubling compared to May last year rising to 153 from 71; sales were up in all districts
Domestic sales in May 2014
Domestic sales in May increased by 178% compared with the same month last year, rising to 398 from 143, with sales improving significantly in all districts.
Fourth highest fall in house prices.
Although house prices have gone through the roof in most of the 52 countries listed in the latest IMF Global Housing Watch report, house prices in Cyprus suffered the fourth highest fall.
The Knight Frank Global House Price Index
The Knight Frank Global House Price Index established in 2006 is the definitive means for investors and developers to monitor and compare the performance of mainstream residential markets across the world.
Overseas property sales in April 2014
In theory you would expect that the overseas market had a better chance of recovery with tax incentives and residency permits for those who qualify – plus the fact that overseas buyers with foreign bank accounts haven’t had those accounts raided.
Residential property prices in Cyprus fell by 9.4% in the fourth quarter of 2013 according to a report published by Eurostat
Second largest price fall in EU Residential property in Cyprus recorded the second largest price fall in the EU 28 and the biggest price fall in the Eurozone annually according to a Eurostat report.
Domestic property sales in April 2014.
The total number of contracts for the purchase of property rose 9 percent in April compared to the same period last year following a 20 percent increase in March.
July 2013 sales boosted by overseas investors.
Although the number of properties sold in Cyprus during July fell 13 per cent compared to July last year, they were boosted by an increase in sales to overseas investors in Nicosia, Limassol and Paphos.
Overseas property sales in September 2012
Overall sales in September were down by 36 (-32%) compared with the corresponding month last year and, with the exception of Limassol, sales were down in all districts.
Domestic property sales in September 2012
Overall 130 fewer properties were sold in September compared with the corresponding month last year; a fall of 26%.
Overseas property sales in August 2012
Overall sales in August were down by 15 (-15%) compared with the corresponding month last year and are continuing to decline; some areas of the island fared better than others.
Domestic property sales in August 2012
Overall 196 fewer properties were sold in August compared with the corresponding month last year; a fall of 46%.
Overseas sales in July 2012
The overseas market continues to deteriorate, with the number of sales dropping in all areas once again during July (despite the alleged interest being shown by Chinese buyers).
Domestic sales in July 2012
Overall 144 fewer properties were sold in July, a fall of 30% compared with July 2011.
Overseas sales in June 2012
The overseas market remains fragile and continues to weaken. The number of sales dropped in all areas during June, falling by 61 (36%) compared with the number sold in June 2011.
Domestic sales in June 2012
Overall 15 more properties were sold during June, an increase of 4% compared with June 2011.
Real estate sales falter in June
The number of properties sold in Cyprus during June weakened, with the total number of contracts of sale deposited at Land Registry offices down 8 percent compared with June 2011.
Overseas property sales
Sales in Paphos were particularly strong, increasing substantially (165%) compared with May last year. Sales in Limassol also increased (by 21%).
Domestic sales
With the exception of Limassol, where there was a slight decline (-1.5%) in the number of properties sold last month compared with May 2011, sales were up in all districts.
Property market shows encouraging signs
Property sales in Cyprus increased in May with the number of contracts deposited at Land Registries reaching their highest level since June 2010, raising expectations that a recovery may be underway.
Tax incentives expanded and extended.
The government has expanded the 5 percent VAT payable on new homes used as primary residences to include non-EU citizens and has extended the Property Transfer Fee reduction/suspension until the end of the year.
The Cyprus Residential Development Prime market report 2012
The Cyprus Residential Development Prime market report 2012 by international property consultancy firm Frank Knight says that demand for the very top-end of the real estate market has remained strong.
The dynamics of residential property building in Cyprus during past 10 years.
The number of residential properties being built has now reached its lowest level since 2002. The latest figures from CySTAT show that they have fallen by 57% since the height of the property boom in 2007.
Slowdown in the Cyprus construction sector continues
Figures released by the Cyprus Statistical Service (CySTAT) earlier today reveal that the slowdown in the Island’s construction sector is continuing and is showing no signs of a recovery in the near future.
Overseas property sales
IN SHARP CONTRAST to the increase in domestic sales, property sales to the overseas market continued to decline.
Domestic sales on Cyprus improve
THE number of property sale contracts deposited at Land Registries in favour of Cypriots last month increased by 97% compared with January 2011, according to the latest figures published by the Department of Lands and Surveys.
Residential property construction plunges 41 percent
Investments in the Cyprus construction sector continued their downward spiral in November according to the Island’s Statistical Service, which released the latest building permit figures earlier today.
Property sales in Cyprus plummet to lowest on record
The number of properties sold in Cyprus during 2011 fell to their lowest level since records began according to the figures published earlier today by the Department of Land and Surveys
Investments in Cyprus construction continue to fall
October saw a sharp fall in the number of building permits issued in Cyprus according to figures published earlier today by the Island’s Statistical Service which show a drop of 19 percent compared with October 2010.
Overseas property sales in 2011 lowest for ten years.
The dramatic collapse of the Cyprus overseas property market, which has left thousands of partly built holiday apartments and villas littering the Island’s seaside towns and villages, continued in 2011 with sales falling to a 10 year low.
Ten thousand six hundred this year and counting
More than ten thousand six hundred properties have been transferred to new owners this year by District Land Offices across the Island
Transfer fee abolition/reduction law published at last!
After nearly a month since MPs voted unanimously to abolish/reduce Property Transfer Fees for a period of six months, the amended law has finally been published in the Cyprus Government Gazette.
Overseas sales.
Slump in property sales to overseas buyers deepens Just six properties were purchased in Nicosia by overseas property buyers in November, while the total number of overseas sales during the month was down by 43 percent on the number sold in November 2010.
November property sales hit 35 month low
The number of properties bought and sold in November hit a 35 month low according to the latest figures from the Department of Lands and Surveys amid the worsening economic situation, record levels of unemployment and lack of liquidity.
Construction investment decline continues
Investment in the Island’s construction sector is continuing to decline according to figures published earlier today by the Cyprus Statistical Service, which reveal a 13.3 percent fall in the number of building permits issued over the first nine months of this year compared with last.
Real estate prices & rents across Cyprus continue to fall
Property prices and rents across the major urban areas of Cyprus continued to fall during the second quarter of 2011
Overseas sales
Overseas sales fell by 36% last month with the number of contracts deposited reaching 123 compared with 191 deposited in October 2010.
Cyprus property sales down 21 percent in October
The Cyprus property market shrank by 21% in October compared with October 2010 and the number of sales recorded so far this year are down by more that 11% on the number sold in 2009, the year the market collapsed.
Nine hundred and forty six new property owners
District Land Offices throughout Cyprus have transferred nearly ten thousand properties to their new owners this year...
Residential property construction in meltdown
Cyprus Statistical Services figures published earlier today reveal that the number of residential properties for which building permits have been issued has dropped by more than 4,000 compared to last year.
More than one thousand new home owners
Now that the crippling power cuts have ended and work has returned to normal, more than one thousand properties were transferred to their new owners in September.
Overseas sales
Overseas property sales, which account for a quarter of all sales, fell by 37.2% last month with the number of contracts deposited reaching 113 compared with 180 deposited in September 2010.
Cypriot real estate sales in freefall
There seems to be no way to stop the rapid decline in Cyprus property sales, which have been falling since July 2010
Construction investments continue downward trend
More bad news from the Cyprus Statistical Service emerged today as the number of building permits approved sank further in July as investments in the Island’s real estate continued their downward trend
Around 28,000 Title Deeds issued since 2009
Interior Minister Neoclis Sylikiotis has said that around 28,000 Title Deeds have been issued since 2009 following the introduction of new mechanisms and greater coordination between the relevant services.
Overseas sales
Overseas buyers now account for some 25% of the Island’s total property sales.
Cyprus property sales slump slows
Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.
Investments in construction at lowest level in years
Investments in the Cyprus construction sector remain at their lowest level in years, with no signs of a recovery on the horizon according to the latest figures from the Island’s statistical service.
Construction activity showing no signs of recovery.
The latest figures from the Cyprus Statistical Service offer no encouraging signs of an upturn in the Island’s property and construction sectors as the number of building permits issued continues to fall.
Property title deed transfers fell in July
The number of properties in Cyprus transferred to their new owners fell during July, possibly as a result of the crippling power cuts...
Overseas sales
PROPERTY sales to foreign buyers also fell in July with a total of 122 contacts in favour of foreigners being deposited at Land Registries compared with 167 in July 2010; a fall of 26.9%.
Property sales on Cyprus in July 2011
ACCORDING to Land Registry figures published earlier today, the number of contracts deposited at Land Registries throughout Cyprus in July for the purchase of property fell by almost a quarter...
Property transfers continue to improve
Latest figures to come out of the Department of Land and Surveys show that the number of properties being transferred at District Lands Offices across Cyprus is continuing to improve.
Property prices and rents continue to fall.
Real estate prices across the island continued to fall during the first quarter of 2011 according to the sixth issue of the RICS Cyprus Property Price Index
Overseas sales in June 2011.
Property sales to foreign buyers also fell in June with a total of 169 contacts in favour of foreigners being deposited compared with 238 in June 2010; a fall of 29%.
Crisis deepens as Cyprus property sales continue to tumble
The crisis in the Cyprus real estate industry continues to deepen with sales of property falling for the twelfth consecutive month and sales so far this year lower than those of 2008; the year the market crashed
Building permits fell in April as construction slowed
Latest figures from the Statistical Service confirm that Cyprus construction industry is continuing to struggle with the number of building permits issued in April falling 16.2 percent compared with April last year.
Unlike domestic demand, foreign demand for property continues to improve.
Property sales to foreign buyers increased in May with a total of 187 contacts in favour of foreigners being deposited compared with 154 in May 2010; a rise of 21%.
Property sales continue to weaken.
Figures published yesterday by the Department of Lands and Surveys reveal that property sales continue to weaken with the number of properties sold during May falling for the eleventh consecutive month.
Slowdown in construction sector continues
Latest figures from the Statistical Service confirm that the slowdown in the Island’s construction sector continues with the number of building permits issued in March falling by 23.4 percent compared with March last year.
New property magazine - ALL Cyprus Properties.
Dear clients, we are pleased to announce that a first issue of Cyprus property magazine made in cooperation with internet-portal www.allcyp.com is already published.
Residential property construction continues to slow.
Following last month’s disappointing sales figures published on Tuesday, the latest figures from the Statistical Service released earlier today offer no encouraging signs of an upturn in the Island’s property and construction sectors.
Overseas sales.
Property sales to foreign buyers increased in April with a total of 151 contacts in favour of foreigners being deposited compared with 127 in April 2010; up by 19%.
Property sales slip to lowest level since January 2009.
The number of properties sold in April slipped to their lowest level since January 2009 threatening the fragile recovery in the Cypriot economy.
Dynamics of the price change in Cyprus.
House prices in residential areas fell by an average of 7.4%.
Cyprus housing market stumbles.
The Cyprus housing market was amongst the worst performers in the European Union during 2010 according to the Knight Frank Global House Price Index and the RICS Cyprus Property Price Index.
Price reduction on property sale and rent in Cyprus.
Residential prices for both houses and flats fell by 2.6% and 2.4% respectively, with the biggest drop for houses taking place in Limassol (-4.8%) and for flats in Famagusta (-4.2%).
Cyprus property sales by foreigners in March 2011.
Foreigner buyers purchased 160 properties this March which is 5% lower than the previous year, when there were 169 foreigner buyers investments.
Cyprus Property sales decline.
According to the Land Registry the total amount of the property sales in March reached 625 which is 21% lower than in March 2010 (792).
Building permissions in Cyprus in January 2011.
According to the Cyprus Statistical Service (CYSTAT) the amount of building permissions issued in January 2011 increased by 3,1%.
Overseas sales.
Property sales to foreign buyers fell in February with a total of 141 contacts in favour of foreigners being deposited compared with 146 in February 2010; a fall of 3%.
Property sales continue fall in February.
February 2011 saw a further drop in property sales in Cyprus compared with the same period last year, with the number of properties sold down by 14 percent.
New Hotel in Protoras.
Building of a new 5 star hotel, Pearl Sunrise, in Protoras started in the end of 2010.
The number of building permits authorised by the Cypriot Municipal Authorities and the District Administration Offices fell for the ninth consecutive month in December, falling by 7.3%
The number of building permits authorised by the Cypriot Municipal Authorities and the District Administration Offices fell for the ninth consecutive month in December, falling by 7.3%
Overseas sales.
Somewhat unexpectedly, property sales to foreign buyers improved in January with the total number of contracts of sale deposited throughout the month up 79% compared to January 2010.
JANUARY 2011 saw property sales in Cyprus falling to a 2 year low.
Industry watchers expect that the lack of sales will lead to further price reductions while developers believe that the negative climate will persist if no support measures are taken.
Building permit numbers fell in November.
The Cyprus Statistical Service (CYSTAT) has announced that the number of building permits authorized by the Municipal Authorities and the District Administration Offices during November 2010 was 773.
Reforms in Cyprus construction field.
Cardinal review of procedure and principles of issuing the title deed to a property owner and indulgence on small deviations from initial building plans.
New partnership program.
The company values cooperation with our associates’ in Russia, UK and Cyprus, but now offers an opportunity to get profit from Cyprus property sale or rent deals to anyone, who is wishing to participate in our partnership program.