News Archive: house prices

11, 2012 April:

Only 5 homes in Famagusta were sold last month

The number of foreign buyers in the first three months of this year fell by over a quarter compared to 2011, according to the Department of Lands and Surveys. A total of 129 contracts (out of 563) were registered by overseas investors between January and March, with only five properties sold to foreign buyers in Famagusta last month.

22, 2012 March:

RICS: Prices in Cyprus continue to fall

Bulgaria's natural gas price is to go up by 12.73% as of April 1, 2012, the State Commission for Energy and Water Regulation (DKEVR) has stated in a report that is yet to be adopted.

14, 2012 February:

Investor appetite grows as commercial foreclosures keep rising globally

While investor appetite rose dramatically towards the end of 2011, the level of distressed properties* coming to the market is set to keep on rising globally, according to RICS.

09, 2012 February:

Cyprus property sales jump 97 per cent

Cyprus has long been the black sheep of the overseas property family. With its economy hit hard by the Eurozone crisis, prices and demand have been plummeting for months. But Cyprus surprised the world this week as domestic property sales in January jumped by 97 per cent compared to 2011, marking the second consecutive monthly increase for the market. So what does this mean for overseas investors?

24, 2012 January:

Cyprus: Property market review and expectations for 2012

A fall in Cyprus’ GDP and rising unemployment means that the good days have gone. We are probably approaching the worst point, but things are unlikely to get back to where they were.

05, 2012 January:

What will it take to stop the rot in the property market?

This year has been a disaster for the Cyprus property market with the number of sales falling below those of 2009, the year the market crashed, and prices that are in a downward spiral with no sign of a recovery.

05, 2011 December:

Global housing markets struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

07, 2011 November:

Cyprus property sales down 21 percent in October

The Cyprus property market shrank by 21 per cent in October compared with October 2010 and the number of sales recorded so far this year are down by more that 11 per cent on the number sold in 2009, the year the market collapsed.

24, 2011 October:

Property prices continue to fall in Cyprus

Cypriot property prices have fallen for the sixth consecutive quarter, according to reports from the Central Bank of Cyprus.

15, 2011 September:

Cyprus property sales slump slows

Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.

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