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Ruby Estates

Cyprus Properties for Sale & rent

  • Home
  • Buy
    • Properties For Sale
  • Rent
    • Properties For Rent
  • Invest In Cyprus
    • Invest in Cyprus – Top 20 Benefits
    • Permanent Residency
  • News & Articles
  • About
    • About Us
    • Privacy Policy
    • Cookies Policy
  • Contact Us
+357 22 755682

News

Cyprus Property Sales – encouraging increase in July

By

Ruby Estates

Posted in Cyprus Property News On 05/08/2020

Cyprus saw a large drop in sales for April and May and a 10% drop in June due to the ongoing Covid 19 situation. However the sales for July have been encouraging. There have been a total of 825 sales contracts deposited at the Land Registry offices in comparison to 896 in July last year.

Nicosia saw the highest increase from last year which rose by 44% with Famagusta also showing an increase of 22%. Limassol, Larnaca, Paphos all saw a decrease in sales when compared to July last year.

The Cyprus government approved  an interest rate subsidy for new housing loans up to €300,000 which concerns new loans for primary residences and covers housing loans granted between 1st March 2020 to 31st December 2020. This will cover 1.5% of the interest rate up to 4 years.

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 Property Sales Cyprus, New homes

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