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Cyprus property sales slumped to a record low in April 2013, according to the Department of Lands and Surveys, but overseas investment increased in several districts.
Cyprus property searches are on the up, according to Rightmove Overseas, who have seen activity surrounding the island’s real estate increase as house prices fall.
British expats in Cyprus are facing fears for their cash as the island’s banks prepare to reopen tomorrow. The country’s EU bailout will see accounts in the two main banks with deposits of over £85,000 subject to a new levy, as experts expect property prices to fall even further, prompting bargains for investors – and nightmares for residents.
Cyprus has agreed a last-minute bailout deal with Eurozone financial ministers, securing €10 billion and keeping the country in the eurozone.
Global property investment could top $1 trillion this year, according to Cushman & Wakefield. The firm’s latest International Investment Atlas reports that the global property investment market saw a “modest” 6 per cent rise in activity over the court of 2012, with volumes up to US$929billion.
Hundreds of Chinese buyers are purchasing property in Cyprus, according to new reports, following the country's decision to grant permanent residency to overseas investors. Can China to wake up Cyprus' sleeping housing market?
Report shows commercial real estate direct investment volume will more than double to US$1 trillion by 2030; Asia Pacific region leads investment growth since crisis.
Paphos. That's what everyone thinks when they hear the word "Cyprus property". But there are places all across the island that are worth exploring, from the oft-overlooked Northern Cyprus region to the other popular regions, such as Nicosia.
The property market in Cyprus is suffering severely in the economic climate, with demand and prices both falling. But the country has introduced new changes in the law to try and encourage investment from outside of the EU.
The world's housing markets posted mixed signals during the full year to Q3 2012, according to the latest survey by Global Property Guide, and Europe is at the eye of the storm.
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