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Cyprus Property Blog by Cleo

Buying Property in Cyprus is a great investment choice and we discuss various aspects.

Updated Cyprus Property Sales Figures

The Lands and Surveys Department figures were issued on March 2nd, 2010 for February 2010 showing that 704 contracts of sale were deposited at Land Registries throughout Cyprus. This was an increase of nearly 30%  compared to February 2009.  In the first two months of this year, 1274 contracts were deposited and their overall numbers are up 27% compared to last year. This is a positive sign despite the overall sales still being down in comparison to the height of the market a few years back. In addition, the number of estate agents, real estate agents and marketing companies have decreased due to the economy and many companies either closing shop altogether or drastically downsizing making those agents that are left busier or as busy as they were before.

The figures showing how many of these contracts and sales are to foreign buyers should be published soon also.

Sales of property in Cyprus February 2010

 

Property Sales (Source: Department of Lands and Surveys)

  

Property and information in Paphos Cyprus

Published Friday, March 05, 2010 5:33 PM by Cleo Shahateet

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Cyprus Property is Hot! Now more than ever. There are over 20 million northern Europeans (European baby boomers) that have retired in the last few years which is a great number and many will be British. Many have been waiting for the financial crisis to past before they make the move to Cyprus. With warm weather, low crime rate, low cost of living in Cyprus and English speaking population, do you think Cyprus will have enough properties for every one?

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