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Cyprus property sales surge in May

Cyprus property sales surge in May

During May 2019 a total of 1,423 contracts were deposited for the sale of commercial and residential properties and land compared with 828 in May 2018 – and the largest monthly figure recorded since July 2008 when 1,542 contracts were deposited. Of those 1,423 contracts, 800 (59%) were deposited by Cypriots and the remaining 623 (41%) by non-Cypriots – 147 of whom w...
General Thursday, 20 June, 2019
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Sharp rise in property sales in February

Sharp rise in property sales in February

February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.   Apart from a 48% fall in sales in December 2018 due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number of property sales has i...
Real Estate Sunday, 10 March, 2019
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ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

Cyprus has hailed a significant discovery of natural gas offshore, highlighting the Mediterranean island’s prospective role as an alternative source of energy to Europe. Amid rising tensions over hydro carbons in the eastern Mediterranean, the US energy giant ExxonMobil announced that deep-water drilling south of the coastal city of Limassol had yielded “encouragin...
General Thursday, 28 February, 2019
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Property sales continue to rise in January

Property sales continue to rise in January

The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surveys. With the exception of December 2018, when sales fell by 48 per cent due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number ...
Real Estate Monday, 11 February, 2019
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December property sales disappointment

December property sales disappointment

Following nineteen consecutive months of rising property sales in Cyprus, December 2018 sales saw a crash in their number according to official figures published by the Department of Lands and Surveys.During December a total of 800 contracts were deposited at Land Registry offices for the sale of commercial and residential properties and land compared with 1,537 in December 201...
Real Estate Sunday, 13 January, 2019
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Cyprus real estate sector looking up

Cyprus real estate sector looking up

Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, with experts confident that sales transactions for 2018 will peak at an eight-year high. The number of 2018 H1 sales represent an uplift of 24% compared to the 3,610 sale contracts filed at the land registry during H1 2017. According to PwC, the messages in the report are c...
Real Estate Tuesday, 13 November, 2018
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Property sales up 6% in October

Property sales up 6% in October

The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017.Property sales have been rising for 18 consecutive months and this October rise follows rises of 14% in September, 14% in August and 21% in July. During October a total of 811 contr...
General Tuesday, 13 November, 2018
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September - continuing rise in property sales

September - continuing rise in property sales

During September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared to September 2017 according to official figures published earlier today by the Department of Lands and Surveys. Property sales have been rising for 17 consecutive months and this September rise follows a rise of 14% in August, 21% in J...
Real Estate Tuesday, 02 October, 2018
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Property sales up 14% in August

Property sales up 14% in August

Property sales have been rising for 16 consecutive months and this August rise follows increases of 21% in July, 2% in June and 23% in May. During August a total of 653 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 572 deposited in August 2017. Of the ...
Real Estate Monday, 10 September, 2018
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Green light for Limni Golf Resort off Polis - maybe!

Green light for Limni Golf Resort off Polis - maybe!

Controversial plans to build a multi-Euro golf course and resort complex at Limni at Polis Chrysochous have been approved after the latest environmental study that found the plans fully met environmental laws and recommendations of the European Commission. - Permission was granted after their latest environmental study was found to be in accordance with the national environment...
General Thursday, 09 August, 2018
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