Cyprus Property News brings you the latest property & real estate …
4 days ago · October 31, 2024. The Consumer Protection Service has launched an independent investigation into potentially abusive clauses in standard mortgage agreements used by all banking institutions in Cyprus. This... Cyprus Property News brings you the latest breaking news, articles & advice for home buyers & real estate investors in Cyprus.
Latest Latest News & Updates - Cyprus Property News
October 23, 2024. The Immovable Property Law, CAP. 224, prohibits the registered owner of a property (i.e. the name of the owner recorded on the Title Deed)... Cyprus Latest News & Updates brings the latest breaking news stories & events shaping the island's property market for home buyers and real estate investors.
Residential property prices continue to rise
22 hours ago · Residential property prices continued their upward trend in the second quarter of 2024, according to the latest price index released by the Central Bank.. During the second quarter of 2024, the Central Bank of Cyprus Residential Property Price Index (RPPI) for houses and apartments showed an annual increase.. Key highlights: Annual increase: Residential property prices rose by 8% in Q2 2024 ...
Prices of new residential properties surge in 2024
1 day ago · The prices of new residential property in Limassol rose sharply in the first nine months of 2024, with apartment prices rising by more than 20% and house prices climbing 30% compared to the same period last year, according to a report by Nicosia-based Landbank Analytics.. During the first nine months of 2024, the number of contracts deposited for …
New home prices: houses and apartments - Cyprus Property News
Oct 23, 2024 · Paphos followed Limassol again with new apartments costing an average of €332.6k. In third place Nicosia (€198.4k), fourth Larnaca (€195.8k) and finally Famagusta (€162.8k). The average price of new houses across the Republic was €457.8k and apartments €289.6k. These new homes will include both permanent homes and holiday homes.
Property prices driven up by foreigners say analysts
1 day ago · November 15, 2024. By Nigel Howarth. Property prices in Cyprus remain high despite signs of stabilization, with increased demand, particularly from foreign buyers, making home ownership out of reach for many locals and pushing rental costs higher, according to market analysts. Marinos Kineyirou, president of the Cyprus Real Estate Registration ...
Property Prices - Cyprus Property News
Sep 5, 2024 · Land in Limassol sold for €5 million. October 30, 2024. The 50 highest-value property transactions in Cyprus totalled €57.5 million in September 2024, with the priciest sale being a €5 million plot of land...
Articles - Cyprus Property News
Sep 5, 2024 · Sunshine and strain – a market divided. June 8, 2024. The Cyprus real estate sector is in a seemingly golden age. But all that glitters is not gold. A booming economy (projected 2.7% growth in... Articles from Cyprus Property News including market reports, insights, advice to buyers and sellers gathered from a number of sources.
New home sales exceed €1.9 billion in 2024 - Cyprus Property News
Oct 19, 2024 · The report, based on sale documents submitted to the Department of Lands and Surveys from January to September 2024, reveals a 19.2% year-on-year increase in new residential property sales, totalling 5,253 units. The total value of new home sales surpassed €1.9 billion, marking a 25% increase compared to the same period in 2023.
Cyprus real estate soars despite challenges
Dec 23, 2023 · The real estate market remains robust and is on track to becoming the best-performing year since 2008, according to a report by Danos/BNPRE Group.. The report, covering the second semester of 2023, reveals a 23% increase in sales compared to the second quarter of the same year, reaching a record high in the past 15 years with 7,689 sales.