The number of Cyprus property sales in June fell 17 per cent compared to June 2018 but at the time of publishing we cannot say whether it's due to a fall in domestic or foreign sales (or both).
Britons buying homes abroad have fallen by a quarter compared to a year ago since the EU referendum said Moneycorp's chief executive Mark Horgan in an interview with Reuters news agency.
The decline in the island’s construction sector continued in October according to the latest figures released by the Cyprus Statistical Service with the number of building permits authorised during the month falling 39 percent.
Although property sales during the month of November was less than the number sold in the same month last year, the annual rate of decline has slowed to 41 percent according to the latest Land Registry statistics.
Less than three weeks after Cyprus was hailed as the world's weakest housing market, the nightmare slump in property sales continues according to the latest figures from the Land Registry.
The second quarter of 2013 saw property prices across Cyprus experience one of their sharpest falls in recent years as a consequence of decisions taken by the Eurogroup on 15th and 27th March.
Uncertainty in the Cyprus construction industry continues with the awaited signing of the island's bailout agreement with international lenders and an indefinite strike by construction workers.
The RICS Cyprus Property Price Index for the third quarter of 2012 reveals that property prices continued to fall with house prices falling by an average of 1.1 per cent and house prices falling by 0.4 per cent.
The Cyprus construction industry's slump continued in July with building permit numbers rising slightly compared to July last year, according to the latest figures from the Cyprus Statistical Service.
Property and rent prices have continued to drop in the first quarter of 2012, making it harder for the Cyprus market to exit the slump, a spokesman for RICS Cyprus said on Wednesday.
Just six properties were purchased in Nicosia by overseas property buyers in November, while the total number of overseas sales during the month was down by 43 percent on the number sold in November 2010.
Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.
The number of properties sold in Cyprus during August fell to their lowest level since January 2009 according to figures issued by the Department of Lands and Surveys.
