Property sales rise among local and EU buyers
A 12% increase in property sales during 2019 was due to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
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[email protected]A 12% increase in property sales during 2019 was due to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
In Limassol, in the Germasogeia area, it is planned to build a 16-story tower 71.7 m high called “Mandarin Park, which is a mixed development of commercial and residential real estate.
MPs have passed a bill to regulate rental housing by owners through online platforms such as Airbnb and booking .com, which deal with both new and existing housing.
Real estate sales in Cyprus in 2019 exceeded 10,000, reaching the highest rate recorded since 2008, according to official statistics published by the Land Department.
According to the recently published financial report of the Central Bank of Cyprus, more stringent criteria introduced earlier during the year to obtain a Cypriot passport have affected the sale of real estate.
A review of the PwC real estate market in Cyprus for the first half of 2019 shows that a quarter of all real estate transactions took place in April, shortly before more stringent criteria were introduced for those who apply for citizenship.
According to the latest official figures released by the Land Department, in November real estate sales in Cyprus fell slightly compared to the corresponding month last year.
The Cabinet of Ministers gave the green light for a study that will focus on the possibility of building facilities for cruise ships as part of the alleged Paphos Marina in Kissonerga Potima Bay north of the city.
According to the latest official figures released by the Land Department, in October there was a slight increase in property sales in Cyprus compared to the corresponding month last year.
The total number of building permits approved in Cyprus in July 2019 was 743, compared to 589 approved in July 2018; an increase of 26.1% according to official figures published by the Statistical Service of Cyprus.
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