Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?


Sales and prices of Larnaca property fall

Date : (News Section: Cyprus)

Sales and prices of Larnaca property fall

There has been a decrease in the number of properties sold in Larnaca, Cyprus, over the last few years.

Findings revealed by Leaf Research showed that, between 2007 and 2011, there was a decline in the number of property transactions in the area of 71 per cent. An 80 per cent fall in land sales was also recorded, Cyprus Property News reported.

The results were based on Land Registry data and were compiled by Leaf Research for an analysis scheme called Project RED.

In addition to the number of people who search for real estate in Larnaca falling over the last few years, there has also been a decline in the price of property in the area.

Figures showed that median declared values for apartments and houses have dropped by 20 and 11 per cent respectively since the property peak in 2008.

These results mirror findings released in the Royal Institution of Chartered Surveyors' Cyprus Property Price Index for the last quarter of 2011. It revealed that the price of Cypriot residential real estate dropped by 1.3 per cent from the previous quarter, while apartment values fell by 1.6 per cent during this period.


Article by +James Roberts on behalf of

Read More

  1. 10 September 2014 - Cyprus Acts to Unlock Further 350m Troika Bailout
  2. 15 August 2014 - Property Investor Confidence Returning
  3. 18 March 2014 - Cypriot property market 'stabilising at last'
  4. 12 March 2014 - Cypriot Developers Call for Changes to Taxation on Properties
  5. 05 February 2014 - Concerns Raised in Cyprus Over Tax and Property Ruling

Let us search for you Let Us find Property in Cyprus for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Cyprus.

SubscribeGet Email Updates!


* We value your privacy and will never share your email address with anyone else.

Trade Stocks

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Cyprus
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo