Property sales €1.65 billion in Q3 2022

Property sales €1.65 billion in Q3 2022

Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third quarter, rising to €1.65 billion from €1.2 billion in Q2. Real estate expert Marinos Kinaigirou said interest from Cypriot buyers has remained steady while demand from foreign companies is increasing. According to the Departmen...
Sales up 18 per cent in first nine months of 2022

Sales up 18 per cent in first nine months of 2022

Sales up 18 per cent in first nine months The Department of Lands & Surveys reports that 1,157 property sales contracts were deposited at Land Registry offices across Cyprus in September compared with 914 in September 2021; an increase of 27%. Sales rose in all districts with Limassol leading the way with 398, followed by Paphos (240), Larnaca (226), Nicosia (21...
Cyprus reached a 14 year high in July as measured by the number of contracts deposited at Land Registry offices across the Republic.

Cyprus reached a 14 year high in July as measured by the number of contracts deposited at Land Registry offices across the Republic.

Cyprus reached a 14 year high in July as measured by the number of contracts deposited at Land Registry offices across the Republic. Property sales refer to sales of domestic dwellings, retail premises, offices, warehouses and land (fields and plots.) The statistics provided by the Department of Lands and Survey do not differentiate between sales of new and sales of ...
Paphos on its way to becoming higher education hub

Paphos on its way to becoming higher education hub

American University of Beirut campus a massive boost Paphos mayor Phedonas Phedonos is bursting with pride that a campus of the prestigious American University of Beirut is coming to the city. He’s even prouder that he and the municipality were instrumental in making Paphos the winning location after the mayor learned that AUB was considering establishing a campus in th...
Buy property in Cyprus with Cryptocurrency

Buy property in Cyprus with Cryptocurrency

Cryptocurrency has exploded in popularity and into the public eye over the past few years.  A & C Buy Cyprus Ltd can guide you through the cryptocurrency process on investing in real estate as an alternative to ‘real’ money.  Crypto attracts investors and the Cyprus property market also attracts investors.  Consequently, we have the knowledge and...
RENTAL PRICES ON THE INCREASE

RENTAL PRICES ON THE INCREASE

  In recent years, the demand for rent in Cyprus has increased, especially for apartments, due to the financial inability of young families to put together the required deposit to buy a residential property. Marinos Kineyirou, chair of the Real Estate Agents Council, argued that young people in Cyprus are putting off leaving their parent’s h...
CYPRUS REAL ESTATE OVERCOMING PRICE SHOCKS

CYPRUS REAL ESTATE OVERCOMING PRICE SHOCKS

  Momentum in Cyprus’ real estate market after two years of Covid lockdowns and restrictions is surviving the cost-of-living crisis and raw material hikes powered by the Ukraine war, say stakeholders. In comments to news site Stockwatch, Marinos Kineyirou, chair of the Real Estate Agents Council, argued that high demand for buying and renting, combine...
CYPRUS TOURISM GOES FROM BAD TO GOOD

CYPRUS TOURISM GOES FROM BAD TO GOOD

Cyprus tourism goes from bad to good Cyprus’ tourism sector is starting to recover its losses from the pandemic, with arrivals approaching 2019’s record levels despite fewer visitors from Russia. Deputy Minister of Tourism Savvas Perdios said on Wednesday that more than half a million people had visited the island in the first fou...
Property Transfer Fees REDUCED by 50%

Property Transfer Fees REDUCED by 50%

CYPRIOT MPs voted unanimously to cut Property Transfer Fees by 50 percent as part of a wider tax reform package designed to modernise the island’s property tax system and encourage economic activity in the real estate sector. Transfer Fees Exemption: The reduced transfer fees will apply to all property sales and registrations of leases or subleases. In addition, the tra...
The President announced €60m worth of projects for Paphos

The President announced €60m worth of projects for Paphos

PRESIDENT Nicos Anastasiades on Monday announced €60m worth of projects for Paphos during the first stop on his ‘tour’ of all of the districts in Cyprus to announce development s plans. “I am pleased to announce new projects worth €60 million. The first of these is the regeneration of the traditional shopping centre and Kennedy Square at a...
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