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How much have property prices changed?

How much have property prices changed?

The RICS (Cyprus) Property Price Index for the first quarter of 2017 reported that prices for residential properties rose, but how much have prices changed in your area since the index was introduced? The thirtieth edition of the Index, which was issued last month, reported that the average price of residential apartments and houses across the island rose by 1.3% and 2.3% resp...
Real Estate Monday, 18 September, 2017
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Rise in overseas property sales continues

Rise in overseas property sales continues

The steady increase of overseas property sales Cyprus continued in August according to the latest official statistics published by the Department of Lands and Surveys with sales in Famagusta leading the way. Of the 572 contracts for the sale of immovable property that were deposited at Land Registry offices across Cyprus in August, 399 (69.8%) were deposited by Cypriot purchase...
Real Estate Monday, 11 September, 2017
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Cyprus property prices continue to rise

Cyprus property prices continue to rise

The Cyprus Central Bank’s ‘Residential Property Price Index’ reports that home prices in Cyprus rose 0.3 per cent during the first quarter of 2017 compared to the previous three months; the third consecutive quarterly increase. House prices rose 0.2 per cent in the first quarter of 2017 compared with the first quarter of 2016; the first annual increase recorde...
Real Estate Monday, 28 August, 2017
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Cyprus property sales up 18% in July

Cyprus property sales up 18% in July

Property sales in Cyprus rose 18 per cent in July compared with July 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys. This rise follows a 28% increase in June, a 59% increase in May and a fall of 2% in April. During July a total of 739 contracts for the sale of residential and com...
Real Estate Thursday, 03 August, 2017
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Properties for sophisticated investors and passports

Properties for sophisticated investors and passports

George Mouskides (photo) - General Manager, FOX Smart Estate Agency, Chairman Cyprus Association of Property Owners: Foreign investors are becoming more sophisticated and have a clear strategy ruling their investments. Therefore, it is becoming increasingly difficult to satisfy their investment requirements. Foreign investment in real estate in Cyprus is the main reason that ...
Real Estate Thursday, 13 July, 2017
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Hourican: Investors Have Confidence in Cyprus

Hourican: Investors Have Confidence in Cyprus

John Hourican, CEO at Bank of Cyprus, discusses investing in Cyprus, the country's credit rating and their non-performing loans, on Bloomberg Daybreak: Europe. Hourican responded to the question why investors choose Cyprus, referred to the growth rate of the economy - 3% in 2016 - which is the second best in Europe, broad base recovery, tourist number rising, and British Commo...
Financial Thursday, 13 July, 2017
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Paphos still on top in sales to overseas property buyers

Paphos still on top in sales to overseas property buyers

Property sales continue to grow for the sixth consecutive month in 2017, both from the domestic and especially from overseas markets. During the first half of 2017 domestic sales have risen by 13% and the overseas market by 44% compared with the same period last year. Paphos continues to have the lead in purchase contracts by foreign buyers by 36.5% in compariso...
Real Estate Monday, 10 July, 2017
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Massive increase in May overseas property sales

Massive increase in May overseas property sales

The surge in Cyprus property sales in May was helped significantly by a more than three-fold increase in sales to the overseas market according to official figures.  Property sales to the overseas (non-Cypriot) markets during May 2017 rocketed by a massive 348% compared to May 2016. Sales rose in all districts. In Famagusta, where not a single property was sold in May 2016...
Real Estate Friday, 23 June, 2017
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Golden Visa Program raises €4 billion

Golden Visa Program raises €4 billion

The Cyprus Golden Visa Program, which enables non-EU citizens to purchase Cypriot passports and residency permits by investing money in property and other sectors, has raised €4 billion. In fact, the revenue earned from the program now accounts for 25% of the Cyprus gross domestic product. The program has outperformed a similar program in Greece by a huge margin. Most of t...
Financial Tuesday, 30 May, 2017
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Paphos Included in Lonely Planet’s Top 10 destinations

Paphos Included in Lonely Planet’s Top 10 destinations

Paphos has been named the ninth best European destination in Lonely Planet’s top ten places for international travellers to visit this summer. The travel media company, one of the world’s leading guidebook publishers, made the announcement on Tuesday morning, the Cyprus Mail reports. Paphos received the accolade in Lonely Planet’s Best in E...
General Tuesday, 23 May, 2017
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