Small rise in Cyprus property sales

Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry Offices, only a marginal rise was reported compared with June 2017.

The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during June 2018 rose just 2 per cent compared to June 2017 according to official figures published by the Department of Lands and Surveys.

This follows increases of 23% in May, 29% in April and 23% in March and is the smallest increase since February 2017 (when sales fell 9 per cent.) During June a total of 858 contracts or the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 843 deposited in June 2017.

Property sales – year to date

During the first half of 2018 the number of contracts for the sale of property deposited at Land Registry offices has risen 24% to 4,470 compared to the 3,610 deposited during the first half of 2017. In terms of the number of properties sold this year Limassol is in pole position with 1,661 sales, followed by Paphos with 1,037, Nicosia with 784, Larnaca 656 and finally Famagusta with 193.

Overseas property sales

The Land Registry figures reveal that a total of 385 property sale contracts were deposited by non-Cypriots during June 2018. Of those 126 were deposited by EU citizens and the remaining 259 by non-EU citizens, but we cannot quantify the number of non-EU citizens who bought property with a view to applying for citizenship. Limassol was the most popular district with the overseas market with the number of property sales contracts deposited reaching 131. Paphos recorded 125, Larnaca 72, Famagusta 34 and Nicosia 23.

 

Read more at: http://www.news.cyprus-property-buyers.com/2018/07/06/small-rise-cyprus-property-sales/id=00154414 Copyright © Cyprus Property News

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5 reasons to live in Limassol

Thinking of a move to Limassol? Limassol is a city that’s easy to visit but hard to leave, and as a result it has a large and vibrant expatriate community. There’s the food, there’s the weather and the Cypriot people with their “filoxenia” and their kindness.  The city is full of, and surrounded by beautiful beaches, parks, and number of great restaurants and shops that everyone can visit.

Limassol is the second biggest city in Cyprus, and with that comes many different options for you and your family to choose when moving here. It’s no wonder Limassol is a growing bubbling city but without the cost of big city living.

Weather

Cyprus is in fact a blessed country for the weather that it has. People who move to Limassol enjoy all four seasons throughout the year! Furthermore, the seasons are very well defined and never reach extremes. The winter hardly has temperatures below zero, normally it is between 10 and 20 degrees until April, May, and then it starts to rise. During summer, the temperature can reach more than 35 degrees, especially in July and August.

Things to Do

Third reason to move to Limassol would be for the local events you could attend such as the Limassol carnival, Marathon, Film festivals, Russian festivals and many more. There are also great venues for concerts or clubs that host world famous DJs. If you are an alternative person or want something quieter you can visit several bars across the city that offer jazz and piano shows, or just enjoy some wine listening to traditional Greek music There is a little something for an adult night on the town or a day trip with the kids.  Are you a coffee, tea or chocolate lover? There are many places where you can have your favourite drink. Especially near the coastline there are numerous of cafeterias, bars and restaurants offering excellent views of the Mediterranean sea.

Livability

One of the top reasons to move to Limassol is the quality of life. The city is also a great place to raise a family. If you have children, you do not have to worry about their education because in Limassol there are several English and Russian private schools. Furthermore, Limassol is a university town, home to the Technological University of Cyprus and many other private universities and colleges.

Food

Unmissable! Just with this word you can have an idea of the Cypriot cuisine. From hearty meat dishes and specialty cheeses to unique desserts of carob and grape, the Cypriot cuisine is an exotic blend of Greek and Middle Eastern cultures.

Location

Limassol lies at the crossroads of Europe, Africa and Asia. Many international investment companies place Limassol as the ideal geographical location for onshore and investment professional business services.  Many European, Russian, Indian and other companies have their head offices moved to Cyprus or open their representations there. This is connected with unique atmosphere created there for business. This is the lowest level of taxes in the EU and minimum of bureaucracy.

Furthermore, Limassol’s location makes the city a popular destination for investors. The city is located no more than 45 minutes from all cities and airports in Cyprus.

There are so many places around Limassol that you can reach within a few minutes or less than an hour. On the hot days of summer, you will have the chance to go to one of the many beaches around the city. There are plenty of beautiful coasts around Limassol and all of them are less than 20 minutes away from nearly all residential areas.

Whether you decided to move to Limassol for the quality of life, weather, schooling, local events for bubbling downtown scene you have a variety of options to go through to make your decision on what fits you and your family the best, moving to Limassol would be a step in a positive direction for a family, a retiree or even someone just looking for a city with a little bit of everything to call home.

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June property sales up 28 per cent

THE NUMBER of property sales in Cyprus during June rose 28 per cent compared to June 2016 according to official statistics published by the Department of Lands and Surveys earlier today.

This increase follows a 59% increase in May, a fall of 2% in April and a 16% increase in March.

During June a total of 843 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 657 deposited in June 2016.

Of those 843 contracts, 635 (75%) were deposited by Cypriot purchasers and 208 (25%) were deposited by overseas purchasers.

Although the number of sales contracts in Larnaca fell by 20%, they rose in the remaining four districts.

Sales in Nicosia (the capital) rose 65% compared to June 2016, while sales in Limassol, Famagusta and Paphos rose 37%, 35% and 28% respectively.

Read more at: http://www.news.cyprus-property-buyers.com/2017/07/06/june-property-sales-up-28-per-cent/id=00152623
Copyright © Cyprus Property News

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Useful Links

We have complited a list of usful links below about Cyprus and more to help with your interest in buying abroad.

LIFE IN CYPRUS

The official Portal of Cyprus Tourism Organisation
www.visitcyprus.com

NEWS & INFORMATION

Cyprus Yellow Pages – information about hotels, travel, real estate, accountants, importers, doctors, entertainment, restaurans, clubs, land, hills, companies and services…
www.cyprus-yellowpages.com

The British Bases newspaper, Cyprus Lion, distributed with The Cyprus Weekly exclusively in the SBAs every week.
www.cyprusweekly.com.cy

FAMILY FUN

Fasouri Watermania features the largest selection of attractions and slides in Cyprus and beyond! Everything from breath taking Black Holes and Kamikaze Slide to a relaxing Lazy River…
www.fasouri-watermania.com

A visit to the Santa Marina Retreat can be a rewarding day of relaxation for the family, with something of interest for all ages. Retreat incorporates the Elias Stables – the largest stud farm in Cyprus with 250+ horses – there is the opportunity to watch the race horses being trained or the mares caring for their foals.
www.santamarinaretreat.com

Enjoy a camel caravan through the surrounding countryside of Mazotos village. Visit our small museum, the souvenir shop for those mementoes to take home and the games room for the kids. Taste the sumptuous Cypriot dishes at the parks restaurant in a traditional and hospitable atmosphere.
www.camel-park.com

Wishing to inform and bring what the ostrich can offer closer to the public, we have created an Information Center at the farm, where visitors can learn, meet the birds at close hand, taste delicious dishes from ostrich meat and buy ostrich products whilst at the same time enjoy this exceptionally beautiful natural hilly area of Lemesos.
www.ostrich.com.cy

TRAVEL

Tickets on-line, flights shedule and etc.
cyprusair.com/

Information about an international airports in Paphos and Larnaca
www.cyprusairports.com.cy/

Information portal about tourists operators & agancies in Cyprus
www.cyprustravelagencies.com/

BANKS

Bank of Cyprus Public Company ltd
www.bankofcyprus.com

Hellenic Bank Public Company Limited
www.hellenicbank.com/

USB Bank Plc
www.usbbank.com.cy/

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Why Limassol

Welcoming, friendly and spontaneous, Limassol is the cosmopolitan heart of this island. Here you’ll discover a dynamic city, an internationally renowned shipping centre and a thriving hub for local and global businesses. An exciting gateway to a new way of life.

Commerce and pleasure meet here and do business together. This is also where traditional markets, museums and festivals blend with five-star hotels and fashion boutiques, galleries and gourmet restaurants, traditional tavernas and luxury spas.

With the opening of Limassol Marina in September 2013, this already exciting city is expected to become an even more powerful magnet for business and leisure seekers, with the new waterfront development destined to become the most exclusive marina resort in the Mediterranean.

But just beyond the city limits, life moves to a different beat – a rhythm tuned in to the island’s natural beauty. Secluded beaches, picturesque villages, orchards, vineyards, nature trails and the Troodos Mountains all wait to be discovered.

And this spectacular landscape creates a natural playground for those looking for more active pursuits, with choices including a wide range of water sports and world-class, championship golf courses such as the renowned Aphrodite Hills Golf Resort.

This enticing mix defines Limassol as one of Europe’s most alluring destinations, with more and more international carriers opening up new routes to nearby Larnaca and Pafos airports.

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10 simple ways to help your Cyprus based home sell more quickly

Most people are currently afraid of the bad state of the real estate market. And it’s true, there have indeed been some problems that have arisen recently. But what’s good for a seller can be good for a buyer, and if you know how to take advantage of this, you can get your home sold more quickly. Let’s have a look at 10 simple ways to help your Cyprus based home sell more quickly!

Audit the agent’s online marketing.
An astounding 92% of people who buy homes look up houses online. Because of this, it is important to have a look at the online marketing strategy of your agent or take care of it yourself.

Set the right price. 
Many people think it’s a good idea to set a high price in the beginning and then to lower it if they don’t manage to sell it. However, this might lead to a delay in selling the house, so think well about it. There is also a matter of image involved in this sense. If people continue to see your property on the market constantly lowering the price, they will assume that it’s not worth what you’re asking for or that there is something wrong with it. It doesn’t matter how far from the truth that is as public image tends to have a strong impact regardless of that. This is why it’s important not to go overboard with pricing in the beginning as you might be hurting the house’s overall image.

Make a video about it. 
Vlogs are extremely popular nowadays, and a video can manage to convey what words and pictures can’t. Simply grab a camera (your phone will do) and walk around the neighborhood. Talk about the home, the neighbors, what you loved and what not. Make sure that whatever your video recording device of choice is, it’s of high quality. The quality of the video is the first thing that people will notice and if you show them a low resolution video of what you’re trying to sell, it’s not going to translate well. High quality video recording options are very affordable today and you should aim to make at least 1080p videos (that’s full HD and will convey a message of quality).

Make it look nice. 
This doesn’t mean to renovate it completely, but a new paint layer and some flowers can change the entire aspect.

Use your neighbours. 
Throw a huge block party before selling the house and let your neighbors spread the word. They might have friends or relatives willing to buy a new home, so why not take advantage of that?

Offer a clean home. 
A potential buyer needs to imagine himself living in that home. If the home is filled with your personal belongings, it will be hard for him to do so, so make sure you let him see a clean and decluttered home.

Use Facebook. 
In case you didn’t know, the huge social network is useful for mostly anything. Look up real estate groups and ask people to share your announcement.

Be flexible. 
You should try to adapt to your prospect buyer’s schedule, since it’s in your best interest. Going a little out of your way can help you a lot.

Offer to leave good things for the future owners as part of the sale! A small gift or something you leave behind can mean a lot, such as stainless steel appliances or some nice decorations.

Take good photos. 
Quality and professional photos can attract many people, so don’t let this opportunity slip away and invest in that if you can truly afford it. Or you could ask a friend who loves photography to help you with that.

Offer cash back as an incentive
A good incentive would be to offer a form of ‘cash back’ to your buyer. First time buyers who generally have little upfront cash would welcome this. Cash back can be used to pay for new furniture, carpets or other items necessary when buying a new house. Most of the popular mortgage providers and lenders allow up to a 5% cash back as part of the transaction.

 

by CYPRUS MAIL COMPANY LTD.

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