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RICS Extremely Upbeat on Europe Property Markets
March 2010
RICS has just released its 2010 review of European housing markets, in which it is incredibly upbeat on the continent's prospects for a sustained recovery...

Emerging Markets Coming Back In, Bulgaria Getting its Second Chance
February 2010
Primelocation has reported a massive increase in the numbers of people searching for property in Bulgaria, Turkey and Cyprus, whereas before they have focussed on higher-end established markets...

Spanish Property Market Gets First Sniff of 100pc Mortgage Since Crash
February 2010
The bank of Andalusia has started giving 100% mortgages in partnership with a developer, which could spark similar arrangements across the country...

EasyJet flights now available from Manchester airport
February 2010
Budget airline EasyJet have announced cheap flights to Sharm-El-Sheikh in Egypt from May 2010....

American Retirees to buy more Panama Property
February 2010
Panama is the number 1 destination for American retirees, more of whom are being forced to look to Central and South America for their retirement...

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Karia Akbuk Resort - Inspection trip £49!!

Akbuk  -  Turkey
This stunning development is situated on the South West Aegean Coast resort of Akbuk. This first class established deve ...

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Sales of Cyprus Property up 24pc Year on Year in January

Posted On: 04/02/2010

More bright news has come to light regarding overseas property sales in 2010. Analysts had forecast that 2010 would be a good year for overseas property, with sales increasing from as early as February. It seems that the only thing they were wrong about is the timeframe.

Year on year sales of Cyprus property increased 25% in January according to new data from the Cyprus Department of Lands and Surveys.

According to the organisation some 570 sale contracts were deposited Cypriot Land Registries last month, compared to 458 in January 2009. The most popular destination was Nicosia with 169 sales, Limassol was second with 151 sales, and Paphos third with 113 sales.
It is worth bearing in mind however, that sales were still 65% down on January 2007, and that sales fell 84% in 2009 as a whole, a big drop to recover from.

Solomon Kourouklides the chairman of the Pancyprian Association of Real Estate Agents told Stockwatch that the increase was attributable to the opportunites within the market -- reading between the lines he was speaking of the distressed and discounted properties currently on offer.

"Many Cypriot individual and investors buy properties from non-Cypriots or Cypriots that cannot pay off their loans. But opportunities will run out," Kourouklides said.
Overseas agents have echoed this with reports of sales increasing massively when properties are discounted in price by up to 30%. With such positivity in the Cyprus market in January, and the analyst tipped hot-month of February now upon us it will be interesting to watch the story unfold.

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Halcyon Hills


Samos - Greece
Overview Beach Front Location 8% Guaranteed Rental Return For Two Years!! Many investors have funds tied up in property elsewhere. If you decide to release this equity with finance and invest i...

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Oludeniz Boutique Hotel and Spa Fractional Offer


Olu Deniz - Turkey
Oludeniz Boutique Complex - Fractional Ownership Offer!! Situated on the hillside overlooking Ölüdeniz beach, Phase one is up an running with and fully booked for this years season. All d...

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Castillo Beach Sol


Fuerteventura - Spain
The Castillo Beach Sol Complex is set in the tourist and residential area of Costa Caleta (Caleta de Fuste), providing the peace of a residential area alongside the surrounding tourist attractions. ...

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Le Jardin de Fleur


Saida - Morocco
Le Jardin de Fleur, Mediterrania-Saïdia, Morocco General Information Le Jardin de Fleur in Mediterrania-Saïdia comprises of 11 award winning luxurious resorts with large-sized villa...

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Cleopatra Resort


Hurghada - Egypt
Cleopatra Resort is the perfect development for any buyer on a limited budget who still requires a development with a full range of facilities and an excellent location in the heart of Hurghada. Lo...

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Mashareq Resort cheapest per m2 in Nabq Bay


Sharm El Sheikh - Egypt
The all new Mashareq Resort is a superb new complex in the increasingly popular Nabq bay region of Sharm el Sheikh, on the shores of the beautiful Red Sea. Styled in traditional Andalucian architectur...

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Borgonovo


Calabria - Italy
Borgonovo Apartments - situated just off-shore from the turquoise Tyrrhenian Sea; only 700 meters from Pizzo old town centro and within a short 15-minute drive of Lamezia International Airport offerin...

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