Cyprus Property Market

by: Patricia Winter In 1974 Cyprus was invaded by Turkey. As a result, the country was divided into two parts – the north being under the control of the Turks to the present day. The regime in the north has never been acknowledged internationally by any country other than Turkey and discussions have been underway for some years to try and reunite the island. There is a major problem in the north –...

The Lands and Surveys Department figures were issued on March 2nd, 2010 for February 2010 showing that 704 contracts of sale were deposited at Land Registries throughout Cyprus. This was an increase of nearly 30%  compared to February 2009.  In the first two months of this year, 1274 contracts were deposited and their overall numbers are up 27% compared to last year. This is a positive sign...

Cyprus Property Market - Is it Stabilizing? Is it the Time to Buy? Have you been wanting to buy a property in Cyprus? If you have been waiting for the prices to bottom out before jumping in and getting yours, then I dare say that it's time. Sure there may be a bit more to go in some areas or with some sellers who are still overpriced but these properties will not sell, not for the prices being asked....

Since 2006, I have kept an eye on the Cyprus government statistical website. I have done so to gain a real understanding of the economic situation in Cyprus. The more knowledge I have the better I am prepared for the road ahead. I subscribed to email updates and I find a lot of great resourceful information about a variety of topics. In the latest email, the theme is "Prices and...

This has been one of the most hectic summers of my life! Summer is supposed to be when life goes slower in Cyprus, especially in August. Last two years August has been a very laid-back time of year, even though there are many tourists and would-be residents who are looking at Paphos as a retirement or second-home destination. In August, people tend to concentrate on the more important things in life...

Selling Cyprus Property is a very competitive business even in a good market, in this slower market it can be backbiting and aggressive between agencies and agents. There are of course many honest, ethically centered hard-working business people out there, however sometimes even the nicest people turning on you when you are competing to sell the same property. There are times when it's a race to see...

There are many more sellers in the Cyprus property market than buyers. In this business we deal with both sides and we represent both buyers and sellers and work really hard to ensure our clients are well advised and informed in order to make the best decision. It is the duty of any agent representing the sellers to advise them on what should be done to best accomplish the sale. Presentation...

Once you have made an offer on a property, and the offer has been accepted by the owners/sellers, if you have not already you will appoint a lawyer. Lawyers will represent you in Cyprus and assist you with all the legal, technical and financial matters in purchasing a property in Cyprus. In the Cypriot system, there are 2 main categories of properties- A. The properties that have their own individual...

If you are waiting for the right time to buy and expecting prices to plunge even further you should be wary about waiting too long. There are opportunities not to be missed.  In my opinion, there is no better time to buy property in Cyprus than now! You should at least begin the search! There are a number of factors that support my opinion that you should consider buying very soon.  The first reason...

You have waited most of your life for this day. Finally, you are ready to buy that Cyprus holiday or retirement home that you’ve spent so much of your life dreaming about.  Maybe you thought you knew exactly where you wanted that place to be, but along the way and through the years, you have visited many places, fell in love just as many times over and have changed your mind about what that ideal place...