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Overseas sales of Cyprus property up 50pc

Overseas sales of Cypriot property rose more than 50 per cent in February 2017, despite overall transactions dropping.

The island’s housing market has been steadily improving in the last year, after being heavily hit by the financial crisis, with international sales helping to fuel the country’s real estate recovery.

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November property sales up 46 per cent

The number of property sales in Cyprus continued their upward trend in November with sales rising by 46 per cent compared to November 2015 according to official figures from the Department of Lands and Surveys.

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Cyprus: The new construction is gaining momentum

High demand for Cyprus housing stimulates the growth of the construction sector. There are new projects that can meet the demand of buyers with different budgets, says an international professional organization portal Overseas Property Professional.

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Foreign buyers driving property recovery

The recovery in the Cyprus property market is being driven by foreign purchasers and is expected to gradually push up prices according to the Chairman of the Cyprus Real Estate Agents Association.

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Immovable Property Tax discounts

The Tax Department will start sending Immovable Property Tax demands today that will include significant discounts agreed by parliament earlier this year of 75 per cent if they settle their account by 31 October.

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Property sales in Cyprus are growing

In July 2016, foreigners bought 191 real estate in Cyprus, according to the Land Department of the country. In general, the sale of real estate on the island this month increased significantly over the same period last year, but most of the transactions accounted for the locals. At the same ...
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