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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

KPMG Sales of many properties over 1 million

   
The exogenous demand for luxury properties, particularly in Limassol, is evidenced by an increase, as evidenced by KPMG's new real estate market in Cyprus. According to data, in 2018 there was a significant increase of 27% in the demand for high-rise residential properties.
 
 
Limassol is still the preferred city for high-volume housing transactions with more than half of transactions each year starting in 2016. In 2018, the number of transactions for luxury properties in Limassol rose to 430 from 324 in 2017 and in Paphos 172 from 155. Further analysis suggests that 67% of the total volume is in the range of € 1 million - € 2 million, 26% between € 2 million and € 3 million and 7% over € 3 million.
 
According to KPMG data, in 2018 there was also a significant increase of 122% in the licensed hotel area. The number of sales documents increased by 6% in 2018.
 
Source: Philenews / Insider