cyprus property for sale / north cyprus real estate / rent cyprus villas

The demand for Cyprus property market falls

Along with falling housing prices, the real estate market of the island there is a decrease in sales volumes. In October 2011 the number of transactions fell by 21% year on year and by 11% compared to 2009, when the real estate market collapsed.

Analysts as reasons for the recession, the housing market, a problem referred to as liquidity, record high unemployment and uncertainty in the market that shows no signs of recovery.

January to October 2011 was recorded in Larnaca - 27%. Behind her are Nicosia - 26%, Paphos - 22% and Famagusta - 15%.

Read more »

Property Cyprus suffers from inadequacies of the laws

According to experts, the real estate market of the island will emerge from the crisis only after acceptance by the Government to settle the legal relations in the housing sector.

In 2009, the situation on the Cyprus property market was critical. In early 2010 there were some signs of activity in the market, but then the number of transactions declined continuously for six months. By year-end decline has slowed, and the emerging positive signs of the market, which led to optimistic forecasts about a possible stabilization in 2011.

Read more »