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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 October 2019 Landmark Agreement between Cyprus and the United Kingdom

    FULL details of the landmark agreement between Cyprus and the United Kingdom... read more

  • 3 October 2019 Breaking News Potential Change to Definition of Russian Tax Residency for Individuals

    Individuals spending 90 days a year in Russia, or having their centre of... read more

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 October 2019 Landmark Agreement between Cyprus and the United Kingdom

    FULL details of the landmark agreement between Cyprus and the United Kingdom... read more

  • 3 October 2019 Breaking News Potential Change to Definition of Russian Tax Residency for Individuals

    Individuals spending 90 days a year in Russia, or having their centre of... read more

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... 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