{"id":97,"date":"2019-11-20T12:24:16","date_gmt":"2019-11-20T12:24:16","guid":{"rendered":"https:\/\/www.starwall.eu\/?post_type=news&#038;p=97"},"modified":"2021-12-16T14:06:42","modified_gmt":"2021-12-16T14:06:42","slug":"cyprus-real-estate-market-review","status":"publish","type":"news","link":"https:\/\/www.starwall.eu\/en\/news\/cyprus-real-estate-market-review\/","title":{"rendered":"Cyprus real estate market review"},"content":{"rendered":"<p><strong>PWC\u2019S CYPRUS Real Estate Market for the first half of 2019 reports that the value of property transactions (sale contracts and transfers) over the period rose by 25% to reach \u20ac2.5 billion compared to the same period last year.<\/strong><!--more--><\/p>\n<p>The number of properties transacted over the period also rose to reach 7,900.<\/p>\n<p>PwC reports that the significant growth <em>\u201cappears to have been fuelled by a surging flow of foreign capital in the residential property\u201d<\/em> and that the clear slowdown in growth during Q3 2019 <em>\u201cshould be monitored.\u201d<\/em><\/p>\n<ul>\n<li><strong>Limassol<\/strong> had the lions share of transactions; 44% of the transaction value and 33% of the number of properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Paphos<\/strong>, which is predominantly driven by overseas buyers, came in second with 25% of the transaction value and 22% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Nicosia<\/strong> had 15% of the transaction value and 21% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Larnaca<\/strong> had 10% of the transaction value and 18% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Famagusta<\/strong> had 6% of the transaction value and 6% of the properties sold.<\/li>\n<\/ul>\n<p>April had the strongest month with the value of transactions reaching approximately \u20ac600 million; a quarter of the total.<\/p>\n<h2>Transactions by property type:<\/h2>\n<ul>\n<li><strong>Apartments<\/strong> \u2013 3,600 sold value \u20ac1.1 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Houses<\/strong> \u2013 1,900 sold value \u20ac0.9 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Land<\/strong> \u2013 2,000 sold value \u20ac0.4 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Commercial<\/strong> \u2013 300 sold value \u20ac0.1 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Other<\/strong> \u2013 100 sold value \u20ac0.05 billion.<\/li>\n<\/ul>\n<p><strong>PWC\u2019S CYPRUS Real Estate Market for the first half of 2019 reports that the value of property transactions (sale contracts and transfers) over the period rose by 25% to reach \u20ac2.5 billion compared to the same period last year.<\/strong><!--more--><\/p>\n<p>The number of properties transacted over the period also rose to reach 7,900.<\/p>\n<p>PwC reports that the significant growth <em>\u201cappears to have been fuelled by a surging flow of foreign capital in the residential property\u201d<\/em> and that the clear slowdown in growth during Q3 2019 <em>\u201cshould be monitored.\u201d<\/em><\/p>\n<ul>\n<li><strong>Limassol<\/strong> had the lions share of transactions; 44% of the transaction value and 33% of the number of properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Paphos<\/strong>, which is predominantly driven by overseas buyers, came in second with 25% of the transaction value and 22% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Nicosia<\/strong> had 15% of the transaction value and 21% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Larnaca<\/strong> had 10% of the transaction value and 18% of the properties sold.<\/li>\n<\/ul>\n<ul>\n<li><strong>Famagusta<\/strong> had 6% of the transaction value and 6% of the properties sold.<\/li>\n<\/ul>\n<p>April had the strongest month with the value of transactions reaching approximately \u20ac600 million; a quarter of the total.<\/p>\n<h2>Transactions by property type:<\/h2>\n<ul>\n<li><strong>Apartments<\/strong> \u2013 3,600 sold value \u20ac1.1 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Houses<\/strong> \u2013 1,900 sold value \u20ac0.9 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Land<\/strong> \u2013 2,000 sold value \u20ac0.4 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Commercial<\/strong> \u2013 300 sold value \u20ac0.1 billion.<\/li>\n<\/ul>\n<ul>\n<li><strong>Other<\/strong> \u2013 100 sold value \u20ac0.05 billion.<\/li>\n<\/ul>\n<p><\/p>","protected":false},"featured_media":114,"template":"","class_list":["post-97","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - 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