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Cyprus Property sales continue to rise 2018

Cyprus continues to expand and is the fastest growing country in the EU. Tourist beds will rise in Famagusta by 3000 in 2018. All sections of the economy are expanding rapidly and are expected to grow even more in 2018. 

During the first eleven months of 2017, the number of new homes for which permits have been issued rose by 41.9% to reach 4,614. Of those 4,614 new homes, 1,766 are being built in Limassol, 1,270 in Nicosia, 711 in Paphos, 601 in Larnaca and 266 in Famagusta.

According to the Cyprus Statistical Service, building permits constitute a leading indicator of future activity in the construction sector.

The number of new homes in Cyprus for which building permits have been issued rose by 93.0 percent in November 2017 compared to November 2016 according to the Cyprus Statistical Service.

Its now looking more like Cyprus will become the safest Mediterranean island and property prices will rise quickly with a quick recovery from the 2013 crash. 

Its time to start looking for your dream holiday or permanent residence before its too late and prices reach heights only millionaires can afford.

Contact us today for more information or browse all our properties in Cyprus 

Cyprus Property sales continue to rise 2018

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Cyprus building projects surge July 2017

July saw another Cyprus building projects surge July 2017 with the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction compared to the same period in 2016.

THE NUMBER of building permits authorised in Cyprus during July 2017 stood at 492 compared with the 442 authorised during the same period in the previous year; an increase of 11.3% according to official figures released by the Cyprus Statistical Service.

VALUE

The total value of these permits reached €202.3 million and their total area reached 176.1 thousand square metres. During July 2017, building permits were issued for:

Residential buildings – 356 permits

Community buildings – 1 permit

Non-residential buildings – 87 permits

Civil engineering projects – 13 permits

Division of plots of land – 27 permits

Road construction – 8 permits

During the first seven months of 2017, 3,362 building permits were issued compared to 3,053 during the same period in the previous year; an increase of 10.1% The total value of these permits increased by 49.2% and the total area by 41.6%. Building permits for new homes

The 356 residential building permits approved in July provided for the construction of 537 new homes comprising 259 single houses and 278 multiple housing units (such as apartments, semis, town-houses and other residential complexes); an increase of 40.6% compared with July 2016 when permits were issued for the construction of 382 new homes.

Building Permits Issued for the Construction of New Homes (Number of Dwellings) Month 2016 (Dwellings) 2017 (Dwellings) THE NUMBER of building permits authorised in Cyprus during July 2017 stood at 492 compared with the 442 authorised during the same period in the previous year; an increase of 11.3% according to official figures released by the Cyprus Statistical Service.

The total value of these permits reached €202.3 million and their total area reached 176.1 thousand square metres. During July 2017, building permits were issued for:

Progress

During the first seven months of 2017, 3,362 building permits were issued compared to 3,053 during the same period in the previous year; an increase of 10.1%

The total value of these permits increased by 49.2% and the total area by 41.6%. Building permits for new homes

The 356 residential building permits approved in July provided for the construction of 537 new homes comprising 259 single houses and 278 multiple housing units (such as apartments, semis, town-houses and other residential complexes); an increase of 40.6% compared with July 2016 when permits were issued for the construction of 382 new homes. 

Cyprus building projects surge July 2017

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Cyprus property sales up 46 per cent

Cyprus property sales up 46 per cent

Cyprus property sales up 46 per cent in November 2016 Cyprus property sales continued their upward trend in November 2016 with sales rising by 46 per cent compared to November 2015 according to official figures from the Department of Lands and Surveys.

November’s increase follows a 37% increase in October, a 50% increase in September, and a 50% increase in August.

Of those 651 contracts, 463 (71%) were deposited by domestic (Cypriot) purchasers, while 29% (188) were deposited by overseas (non-Cypriot) purchasers.

With the exception of Famagusta, where sales fell 42%, sales rose in all district compared with November 2015.

In percentage terms Limassol led the way with sales up 82%, followed by Famagusta, where sales rose by 74%.

Meanwhile, sales in Nicosia and Larnaca rose by 43% and 3% respectively.

During the first 11 months of 2016 property sales have risen 34% to reach 5,929 compared with 4,439 during the first 11 months of 2015.

Sales have increased in all districts. Sales in Limassol have risen 48% and by 28% in Famagusta, Nicosia and Paphos. Meanwhile, sales in Larnaca have risen by 24%

In 2017 sales are expected to increase as the island becomes more and more affluent and out of recession with unemployment falling and tourism increasing year on year. 2016 was a record year for tourism in Cyprus.

So with Cyprus property sales up 46 per cent could be a good time to buy property for sale in Cyprus, contact us for more information here  http://www.cypruspropertydreams.com/cyprus-property-contact-us/

We are here to help in every way possible to make your search for that fantastic Cyprus property an enjoyable experience.

Read the testimonials from our previous clients who are still enjoying thier life in the sunshine on the fantastic island of Cyprus. Why not take the plunge and come and see for yourself the laid back lifestyle, the fantastic food and people.

During the first eleven months of 2016 sales to the overseas (non-Cypriot) market are up 20% compared with the first eleven months of 2015 with sales reaching 1,459 compared with 1,214 during the corresponding period last year. canada goose sale damen canada goose sale damen

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