More Stable Macro Economic Landscape Reinvigorates Interest in Cyprus Real Estate.
Investors both local and foreigners, who are actively seeking opportunities have once again focused their attention to real estate in the Cyprus.
In terms of sales, the total number of sale contracts recorded an annual increase of 10.7% in 2014Q4 compared with 2013Q4. An annual increase of 11.1% was recorded in the number of sales to Cypriot buyers, while sales to foreign buyers recorded an annual increase of 9.6% (Chart 1) as reported by the Central Bank of Cyprus (CBC) based on figures from the Department of Land and Surveys. Apart from Nicosia, all other districts recorded increases in the total number of sale contracts compared with 2013Q4.
Written by: Mrs Jennifer Petridou Sharpe MRICS
Partner, Urban Keys Real Estate Chartered Surveyors
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