News
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Negative values were recorded in some regions. Situation Danos International Property Consultants & Valuers state that the Cypriot real estate market is experiencing a downturn. This trend is being seen for the first time in the past 4 years, with prices starting to level out and decrease in some regions. This information is based on the...
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Apartments in Cyprus are more in demand than villas. The Cyprus Council for the Registration of Real Estate Agents has released data for Q2 2024 based on information from the Land Department. Apartments Number of properties sold: 489. Nicosia has the highest number of deals. Limassol is the priciest at €246,919 followed by Nicosia at...
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Cyprus attracts the attention of foreign investors not only by its affordable prices but also because of the possibility of getting a residence permit. To obtain it, it is enough to buy a house worth €300,000 or more. However, local realtors note that unscrupulous cases of deception of future homeowners are becoming more frequent. We are talking...
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The property market in Cyprus reached its highest level in the last 15 years at the end of the first half of the year. This is confirmed by the data in the report presented by the Central Bank of Cyprus (CBC). Prices for housing, especially flats, are actively growing, which is due to increased demand. Apartments, on average, rose in price by 3.1%...
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Despite rising interest rates on loans, inflation, and the difficult political situation in the world, the real estate market in Cyprus shows good results. According to analysts, from January to August this year in Cyprus, there were registered 11,655 real estate sales transactions, the total value of which reached €2.8 billion. The growth in sales...
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According to the latest Cyprus property market data, 1,383 properties were sold in Limassol in the second quarter of this year for a value of approximately €437.9 million. The sales are divided as follows: 499 apartments, 271 private houses, 183 plots, and 430 fields. Apartments yielded around €197.2 million, private homes €115.8 million, while...
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The construction industry in Cyprus reported a 16.5% increase in the total value of new buildings on the market in the first half of 2023. The total area of land under development also went up by 3%, according to the Cyprus Statistics Agency (Cystat). While the total value of new construction projects and the amount of land under development...
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Real estate experts from Lefkoşa (North Nicosia) named the advantages of investing in Famagusta District and singled out several areas where investments would be the most profitable. The local luxury housing market is considered particularly lucrative, attracting investors and buyers from all over the world. According to the experts, properties...
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In Cyprus, in addition to skyrocketing property prices, the cost of home repairs rose markedly. This refers to both eliminating household emergencies and maintaining the efficiency of utility systems. Experts note that the main reason for the increase in repair prices was the rise in the cost of building materials. In addition, trades people (for...
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Courtyard Platinum, a premium residential development consisting of 940 apartments, will be built in İskele. Layouts include studios and 1+1, 2+1, and 3+1 units. In addition to apartments, residents will receive small gardens and rooftop terraces. The internal infrastructure features several outdoor and indoor swimming pools, a shopping street,...
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