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October 7, 2024. The highly anticipated trial involving the Al Jazeera golden passports case has been postponed yet again. The criminal case stems from a 2020 Al Jazeera... Cyprus Property News brings you the latest breaking news, articles & advice for home buyers & real estate investors in Cyprus.
New home sales exceed €1.9 billion in 2024 - Cyprus Property News
22 hours ago · The report, based on sale documents submitted to the Department of Lands and Surveys from January to September 2024, reveals a 19.2% year-on-year increase in new residential property sales, totalling 5,253 units. The total value of new home sales surpassed €1.9 billion, marking a 25% increase compared to the same period in 2023.
Latest Latest News & Updates - Cyprus Property News
Sep 28, 2024 · August most expensive property sold for €5.4 million. October 6, 2024. The ten most expensive property sales across Cyprus in August totaled €20.9 million, with the highest transaction being a house in Ayios Tychonas, Limassol,...
Residential market shows signs of cooling - Cyprus Property News
September 5, 2024. By Kyriacos Kiliaris. The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and rents across Cyprus. Recent quarterly data suggest that this slowdown is evident in the stabilisation, and in some cases, slight decline, of house and apartment ...
Foreigners buying more affordable properties - Cyprus Property …
September 17, 2024. By Nigel Howarth. Foreign investors in Cyprus are increasingly turning their attention from luxury properties to more affordable housing, prioritizing residency permits over citizenship. This shift, highlighted in a 2023 report from real estate firm Danos, marks a significant change in market dynamics.
Top property sales in July - Cyprus Property News
Sep 5, 2024 · Top property sales in July. September 5, 2024. By Nigel Howarth. The property market in Cyprus experienced a decline in high-value transactions during July, according to data by the Cyprus Land Registry analysed by Ask Wire. The top 50 property sales in Cyprus totalled €55.7 million, a significant decrease from previous months.
Articles - Cyprus Property News
Cyprus Real Estate sector proved resilient in 2023. March 3, 2024. PwC Cyprus presented its annual report for the Cypriot real estate market, which includes important information about the sector's performance in 2023. The event titled,... Articles from Cyprus Property News including market reports, insights, advice to buyers and sellers ...
Relentless rise in property sales - Cyprus Property News
Jun 5, 2022 · Total sales reached 1,143; a 50 percent increase on the May 2021 figure of 760 and the highest number recorded since May 2008. Although sales in Nicosia (the capital) fell by 7 percent, they rose in the four remaining districts compared to May 2021.
Cyprus real estate soars despite challenges
Dec 23, 2023 · The real estate market remains robust and is on track to becoming the best-performing year since 2008, according to a report by Danos/BNPRE Group.. The report, covering the second semester of 2023, reveals a 23% increase in sales compared to the second quarter of the same year, reaching a record high in the past 15 years with 7,689 sales.
Trapped property buyers protection extended
November 26, 2021. By Elias Hazou. By unanimous vote, parliament on Thursday passed a law extending to the end of 2022 the protection afforded to ‘trapped’ property buyers. It means the protection now applies to buyers who filed a sales contract to the land registry pursuant to a court order issued after December 31, 2019, based on an ...