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Cyprus Property News

Cyprus property news.

We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

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With everything from the status of road work in Paphos to the opening of new shops and general economic news – you will find Cyprus lifestyle news a good read.

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Cyprus Property News

Cyprus Resales cap a great year with more sales.

Date: 17/12/12

During 2012 we have cemented our position as the #1 company in the market for resale property in Paphos.

With an excellent strike rate in selling quality properties with Title Deeds we have achieved sales increase in what is a difficult market. In certain segment of the market we were completely sold out. 

Moreover we are proud to be the agency were property buyers receive the most accurate and truthful information about state of the market and procedures, involved in the purchase. We feel responsible for the well-being of our clients, thus we consider it being critical for the buyers and sellers have to have realistic expectations from the start. Back in January we broke the news that the mortgage market had dried up (other companies were not so forthcoming). As a result of our straight business practices all our buyers successfully bought their properties, while less fortunate customers of some other agencies simply lost their deposits, being unable to secure a mortgage. 

As early as May we correctly predicted in these very news pages the financial woes that lay ahead for the Cypriot economy. At that moment the Cypriot government was optimistic about  its ability to cope with difficulties. Yet again our estimation proved to be right and only 2 weeks ago this very government agreed to the conditions of loan from Troika of international lenders. This loan we are hoping will put Cyprus back on its feet and will help to restructure the state and semi-state sectors, making Cyprus economy much-much healthier.

Despite of the difficult economic climate it’s been far from a slow year in the Cyprus Resales office and our reputation in the 500k plus market continues to grow. With a constant stream of quality clients out of our Russian Offices we have been able to promote our luxury properties to a captive audience. Cheaper properties have also been going fast and we had the “Sold Out” sign with reference to 1 bedroom apartments until very recently when we recruited this beauty in Walnut Grove Paphos.

In hard times come tough companies and Cyprus Resales have been forged in difficult recessionary times. While we have long positioned ourselves as “Russian Marketing Specialist” we aim to increase our advertising budget by over 100 % in the forthcoming year on the English speaking market. Maintaining our traditional market dominance in the Russian speaking market will still remain a priority. 

On the personnel front we aim to welcome in the coming year a fully trained valuer/ quantity surveyor onto the staff as well as signing a further alliance with an estate agent in mainland China without passing additional costs to property owners.

So exciting times ahead and even more reasons to list your property in Cyprus with us.
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7, Tombs Of the Kings Ave,
Paphos, Cyprus

+357 26102242