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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

  • 9 December 2019 Villas for rooftops in Cyprus up to twenty six million euro

    Expensive homes and apartments for sale in Cyprus are growing and populating.... read more

  • 29 November 2019 Νέα Πολιτική Αδειοδότησης

    Υφιστάμενη κατάσταση read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

  • 9 December 2019 Villas for rooftops in Cyprus up to twenty six million euro

    Expensive homes and apartments for sale in Cyprus are growing and populating.... read more

  • 29 November 2019 Νέα Πολιτική Αδειοδότησης

    Υφιστάμενη κατάσταση 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