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 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.

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).

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

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.

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.

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.

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.

Overseas sales

Overseas sales fell by 36% last month with the number of contracts deposited reaching 123 compared with 191 deposited in October 2010.

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.

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.

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 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.

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%.

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%.

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.

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.