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Property sales up 21% in July

Property sales up 21% in July

The number of property sales in Cyprus continued to rise in July with the number of sales contracts deposited at Land Registry Offices across the Republic up 21 per cent compared with July 2017. This follows increases of 2% in June, 23% in May and 29% in April. During July a total of 896 contracts or the sale of residential and commercial properties and land (building plots and...
Real Estate Tuesday, 07 August, 2018
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Small rise in June property sales

Small rise in June property sales

Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry Offices, only a marginal rise was reported compared with June 2017. This follows increases of 23% in May, 29% in April and 23% in March and is the smallest increase since February 2017 (when sales fell 9 per cent.) During June a total o...
Real Estate Friday, 06 July, 2018
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Property sales up 29% in May

Property sales up 29% in May

The number of property sales in Cyprus continued to rise in May with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with May 2017. This follows increases of 29% in April, 23% in March and 46% in February. During May a total of 828 contracts or the sale of residential and commercial properties and land (building plots...
Real Estate Wednesday, 06 June, 2018
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DBRS: Economic growth is projected at 3,8 in 2018 and 3,6 in 2019

DBRS: Economic growth is projected at 3,8 in 2018 and 3,6 in 2019

Following the recent DBRS sovereign rating upgrade on the Republic of Cyprus, DBRS notes that “The upgrade is driven by the reduction in Cypriot banks’ non-performing loans (NPLs) and Cyprus’s better-than-expected fiscal performance. The banking system’s stock of NPLs fell by 14% last year. Also in 2017, the fiscal surplus came in at 1.8% of GDP, above...
General Tuesday, 29 May, 2018
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Cyprus Airways takes delivery of its second aircraft - A319

Cyprus Airways takes delivery of its second aircraft - A319

Cyprus Airways has taken delivery of its second Airbus A319. The  new aircraft will be integrated directly to the company’s summer flight program. “We are very excited to welcome this new addition to our family. Today’s delivery is a testament to Cyprus Airways’ commitment to continued expansion” stated Natalia Popova, Chief Commercial Offi...
General Tuesday, 29 May, 2018
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Real Estate sales up by 29% in April

Real Estate sales up by 29% in April

Real estate sales recorded an increase of 29% in April, according to Land Registry data compared to April 2017, the Cyprus News Agency reports. Famagusta District was a leader in real estate demand, recording an impressive 79% increase in the register of sales contracts, followed by Nicosia with a 46% increase. In the first four months of this year, the increase in real estat...
Real Estate Thursday, 03 May, 2018
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High-end Cyprus property sales boom

High-end Cyprus property sales boom

PwC Cyprus reports that 260 high-end properties in Cyprus (in excess of €1.5 million) were sold during 2017, which contributed to the wider recovery of the real estate industry and the rise in prices for the first time in several years. PwC notes that The Cyprus economy relies heavily on the real estate sector, as Cyprus has one of the highest home ownership rates in Europ...
Real Estate Sunday, 01 April, 2018
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February - continued strong growth in property sales

February - continued strong growth in property sales

The strong growth in Cyprus property sales continued in February with the number of properties sold rising in all districts (with the exception of Larnaca) according to official figures. This increase follows a rise of 64% in January, 36% in December, 39% in November and an 18% rise in October. During February a total of 666 contracts or the sale of residential and commercial ...
Real Estate Monday, 12 March, 2018
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Strong growth in Cyprus property prices

Strong growth in Cyprus property prices

The RICS Cyprus Property Price Index for Q3 2017 reports strong growth in property prices across the island with an annual increase of 7.4% in apartment prices and a 4.2% increase in house prices. Over the same period of office prices have risen 8.8%, warehouse prices by 4.4% and retail prices by 4.5%. Significant price rises were recorded in all districts and asset classes, wi...
Real Estate Monday, 26 February, 2018
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Cyprus richest man could keep government running for 441 days!

Cyprus richest man could keep government running for 441 days!

How many days could the government keep running if the richest person of each country was paying for it? According to Bloomberg’s 2018 Robin Hood Index, Cyprus’s richest man, John Fredriksen, could keep his government running for 441 days. “With projected 2018 expenditures of $23.6 million, a small population and therefore smaller costs on social secur...
Financial Wednesday, 14 February, 2018
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