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Cyprus Property Prices at lowest levelsCyprus Property Rises 2016

Cyprus Property Rises 2016 sales in Cyprus seem to be showing signs of recovery, after March saw a significant increase, up 19% in sales compared to March 2015.

According to the island’s Land Registry data, which looked at the total number of property sale contracts submitted to the Registry, the sale contracts reached 539 in March this year, compared to 452 in March 2015.

Meanwhile, the first quarter of 2016 recorded 1367 of sale contracts compared to 1098 in the corresponding quarter of 2015, recording an increase of 24%.

Significant growth in Cyprus Property Rises 2016 was also recorded in sales from foreign buyers with an almost four-fold increase in sales by foreign buyers at 157 sales this March compared to just 41 in March last year.

In Nicosia, March sale contracts recorded a small decrease of 1% reaching 82, compared to 83 in March 2015.

In Limassol, sales increased in March by an impressive 23% to 197 compared to 160 in March last year.

Larnaca also recorded a 23% rise – with 121 sales compared to 98 in March 2015.

Meanwhile, Famagusta recorded an impressive 94% spike in sales recorded in March compared to last year, although the number of sales compared to other towns was significantly less – at 33 sales in March compared to 17 in 2015 of the same month.

There was also some respite for Cyprus Property Rises 2016 in Paphos with a 13% rise, with 106 sales recorded compared to 94 in 2015.

 

Courtesy The Cyprus Weekly

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Need a lawyer in Cyprus

 
If you are serious about buying a property for sale in Cyprus, you will want to make sure that you have a Cyprus property lawyer who you can trust from exprienced recomendations.
 
This is the only person who can effectively protect your interests and guide you through all the requirements of purchasing property in Cyprus.  You need someone who is unbiased and is only serving you, not the other party in the transaction.
 
Make full use of this professional and don’t hesitate to ask questions. The lawyer should ensure that the property purchase is clear from mortgages or ties etc,  with no unpaid debts attached to the estate. Furthermore, don’t sign any contracts or hand over any money until the action has been approved by the lawyer.
 
Once you do locate a suitable piece of real estate, there is another process. As a foreigner, you will have to apply for permission to buy the property but this is usually just a formality and  your lawyer can help you through the process.
 
We know and trust a lawyer so contact us for further assistance.

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Foreign demand for Cyprus homes

Thursday, June 09, 2011

Cyprus has enjoyed continued growth in overseas demand for homes last month.

Foreign buyers were able to negotiate significant discounts on properties because of Cyprus' ailing economy and poor domestic property sales market.

Official figures reveal that a total of 187 property contracts were deposited by foreigners compared with 154 in May last year, a 21% increase year on year.

Property sales improved in most parts of Cyprus last month, led by an 86% annual hike in Nicosia property sales.

Source: Assetz.co.uk

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