Cyprus Real Estate News and Property Market Reviews

The existing stock of new properties in the markets of Paphos, Larnaca and the Famagusta/Paralimni area will remain unsold in the near future as the market is oversupplied, it has been claimed. Pavlos Loizou, the lead consultant of Leaf research said that the new properties were built for “buy-to-flip” investors and is unsuitable for permanent [...]

Prices on investment property in Cyprus have fallen with some developers offering 30% price reductions since the market peaked back in 2007. THE INVESTORS Chronicle reports that overseas home ownership has rocketed over the last 10 years with an estimated 500,000 Brits has purchased property overseas and it has been estimated that the value of [...]

Cyprus property prices fell at a slower pace during the third quarter of 2010 with Cypriot buyers starting to return to the market. The third RICS Cyprus property Index is a quarterly price and rental index which is based on methodology of the University of Reading, UK. The RICS index is produced by the Cyprus [...]

Domestic property sales in Cyprus are strong with growth so far this year in double-digits however the recovery in Cyprus’ beleaguered overseas property market appears to be slow. According to the latest figures published by the Department of Lands and Surveys, domestic sales of property in Cyprus during the first seven months of this year [...]

Rather than capital appreciation prospects or proximity of home country to determine overseas property investment, it could be wise to let personality and temperament sway the decision. According to Shelter Offshore, Personality could determine a person’s happiness in their chosen overseas property relocation, claims one website for those looking to move abroad. Those seeking a [...]

Cyprus has long since been a popular holiday destination for British tourists, possibly because the Mediterranean island has the required Englishness. Over 300 days of sunshine a year and 600 km of coastline lured the Brits over the years and they have flocked to the island for both business and pleasure. According to Bulgarian daily [...]

Investors have paid the highest price for an inner-city plot in Stassicratous, Mnassiadou and Princess De Tyra streets, Nicosia when they bought a parcel of 2,000 sq.m. off Makarios Ave. for a record EUR 18.25 mln. The deal went ahead despite the economic crisis, suggesting that there are bargain deals to be made and strengthening [...]

Bargain prices in Cyprus combined with its huge discounts make it a tempting proposition for overseas investors and the property market in Cyprus may be picking up again, according to one property expert. Overseas Property Professional (OPP) has reported that Purple International saw a sharp rise in sales in the second half of last year [...]

There is every reason to believe that the Cyprus property market will come out of its economic woes, in a good shape as foreign buys of Cypriot property saw a shock increase in November, up from 117 the month before to 158. When sales traditionally slide off at this time of year, the highest number [...]

Cyprus has been touted as the perfect place to buy property and buyers could find a bargain after recent property price falls of up to 40 per cent, it has been suggested. According to a Daily Mail feature, Cypriot residences can now be acquired in cheaper prices and a two-bedroom apartment in paphos with a [...]