Cyprus Real Estate News and Property Market Reviews

Property professionals across Cyprus are preparing for a tough year ahead, in common with the UK and their other European neighbors. However, there is also rise in property enquiries.
According to the Cyprus Central Bank in its six-monthly bulletin reports, prices had decreased by 8% during 2009, although they predicted that they will remain stable throughout [...]

Popularity: 3% [?]

Aristo developer has signed an exclusive deal with one of Norway’s largest agents in hope of cashing in on growing demand from Scandinavian buyers. Norsk Megling will endorse Aristo Developers’ stock in Cyprus, alongside its existing portfolio of homes across Europe, the US and Brazil.
Panayiotis Michaelides, the firm’s marketing manager said that Aristo has [...]

Popularity: 8% [?]

Cyprus officially declared out of recession in the first quarter of 2010 contrary to earlier estimates showing a sixth consecutive quarter of decline.
According to the latest data from the Statistical Service Cystat, The revised data show that GDP in the first three months of the year rose in real terms by 0.1% over the previous [...]

Popularity: 10% [?]

Returning interest in property investment overseas is fuelling recovery in a number of European destinations including Cyprus, it has been reported.
According to the latest Wealth Report compiled by Knight Frank and Citi Private Bank, many wealthy individuals regard property to be one of the best assets to have. A total of 71 per cent of [...]

Popularity: 12% [?]

There is every reason to believe that the Cyprus property market can come out of the credit crunch. Although the Cyprus economy is still in recession it may have started to climb out in the fourth quarter of 2009, according to the latest estimates from the Cyprus Statistical Service (CYSTAT).
In the fourth quarter of 2009, [...]

Popularity: 16% [?]

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 [...]

Popularity: 19% [?]

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 in [...]

Popularity: 21% [?]

Cyprus still has an advantage over Europe concerning the potential growth rate of its economy despite the global financial crisis.
Speaking after a meeting with political party representatives and social partners, as well as government officers, to discuss the European Commission document on the future of the Lisbon Strategy, Minister of Finance Charilaos Stavrakis said that [...]

Popularity: 25% [?]

A couple who invested in property in Kato Paphos, Cyprus has said they chose the region for its peacefulness and popularity with British people.
According to the Sunday Mail reports, Don and Christine Stark, who both work in the aviation industry, bought their home after a friend recommended they take a holiday on the popular island. [...]

Popularity: 28% [?]

Cyprus could be the only EU member state to see growth in 2009 and the Mediterranean island state is working on alternative measures to combat fallout on its economy from the world financial crisis, according to reports.
According to the EU’s spring economic reports, The Cyprus economy would grow 0.3 per cent in 2009 and 0.7 for [...]

Popularity: 58% [?]