May 2021 saw an increase in property sales in Cyprus. 81% more sales contracts were deposited with land registries in comparison with the previous year. Compared to 2019, there is an increase of up to 36%.
Sales of real estate in Cyprus in the domestic and foreign markets
18.05.2021
In May 2021, property sales in the domestic and foreign markets of Cyprus increased by 123% compared to a year ago.
Interest in domestic sales of residential real estate was stimulated by government support through subsidized interest rates and a decline to a record low of 2.5%. At the same time, the data will contain an indefinite number of “non-sale” agreements: for example, collection of funds, restructuring of debt on a loan, exchange of debts for assets that were concluded between insolvent borrowers and banks in order to reduce overdue loan portfolios. The Cyprus Department of Lands and Land Administration does not separately disseminate data.
The overseas market also saw a 34% increase in sales compared to May 2020. However, it will take some time for a full recovery of the indicators, since recently there have been restrictions on travel for foreigners in connection with the COVID-19 epidemic.
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26.05.2021 -
04.05.2021In May 2020, sales of real estate in Cyprus to EU citizens increased to 177%, almost reaching the level of 2018, when the figure for the first five months was 539 sales
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02.05.2021For two months now, there has been an upward trend in property sales in Cyprus. Shoppers are slowly returning to the market after the COVID-19 epidemic
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29.04.2021Na Kipre deystvuyet programma subsidirovaniya protsentnykh stavok pri pokupke nedvizhimosti, chto pokryvayet ssudu na priobreteniye zhil'ya litsam, zaklyuchivshim kontrakt v period s 1.03.2020 i podtverdivshim ispol'zovaniye doma dlya sobstvennogo prozhivaniya do 30.06.2021. Ещё 256 / 5000 Результаты перевода Cyprus has an interest rate subsidy program for the purchase of real estate, which covers a home loan to persons who entered into a contract in the period from 1.03.2020 and confirmed the use of th
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12.04.2021The Department of Land Resources and Land Management of Cyprus has not yet published data on sales of overseas property in March, however, based on the indicators for April, one can conclude that sales of up to 53% to the citizens of the European Union have grown.
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