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Monthly Archives: May 2015

Cyprus Property Sales Rise

The number of  Cyprus Property Sales Rise

Property transactions in Cyprus, rose 31 per cent in March compared to a year before and 39 per cent compared to February to 452, which was the second highest since the end of 2012, the department of lands and surveys said.

Two property market experts interviewed by the Cyprus Business Mail said the increase in transactions in the Cyprus Property Sales Rise resulted from both domestic and exogenous factors, including the property price drop, the weak Euro, fears related to Greece, the pending implementation of the foreclosure legislation, the drop in interest rates and a government scheme to boost property sales to foreigners.

The increase in the Cyprus Property Sales Rise in March resulted mainly on an annual 60 per cent increase of property transactions in the Limassol district which rose to 160, the department said in a statement on its website. Transactions in the Nicosia district where Cyprus Property Sales Rise rose 34 per cent in March compared to the respective month a year ago to 83, while those in the Larnaca district rose 38 per cent to 98 reports the Cyprus Mail.

Once again we say now could be the right time to invest and buy in Cyprus either with a holiday home or as your own residence. As Cyprus is in the EU it is easy to emigrate and settle there, flights are plentiful and the sun always shines most days of the year.

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Kathy & David wrote
We first visited Cyprus 3 years ago and fell in love with the island, but then who wouldn't. One day we knew we would want to go and spend the rest of our lives there.

Having researched the possibilities for about the last...

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