Pharonica Developers

09/10/2018

Growth Rate Affirmed at 3.9% in Q2 2018 - https://mailchi.mp/772aafd2e9da/cyprus-growth-rate-affirmed-at-39-in-q2-2018

08/10/2018

Records Largest Unemployment Annual Decrease in the - https://mailchi.mp/2913802e8b86/cyprus-records-largest-unemployment-annual-decrease-in-the-eu

06/10/2018

Invest Aims to Showcase Cyprus’ Competitive Advantages as a Destination for International - https://mailchi.mp/66c4b94e8dbf/invest-cyprus-aims-to-showcase-cyprus-competitive-advantages-as-a-destination-for-international-business

05/10/2018

Check out IPC projects in - https://mailchi.mp/d89a1516d8df/check-out-ipc-projects-in-cyprus

14/09/2018

New home permits up 32.8 per cent In - https://mailchi.mp/506b8a59d274/new-home-permits-up-328-per-cent-in-cyprus

10/09/2018

The best twelve – month period in the history of in

Tourist arrivals in Cyprus between July 2017 and July 2018 were the highest ever recorded over a twelve – month period, the Cyprus Tourism Organisation said on Friday.

Between July 2017 and July 2018, the number of tourist arrivals in Cyprus stood at 3,842,612, described by the CTO as “the best twelve-month period in the history tourism in Cyprus”.

It noted that “each calendar month of 2018 presents record high arrivals compared to the corresponding months of any previous year”.

Earlier today the Statistical Service of Cyprus reported that July 2018 saw the highest ever tourist arrivals in Cyprus during the seventh month of the year, recording an annual increase of 1.6%.

On the basis of results from the Passenger Survey, tourist arrivals in July 2018 were 539,626 compared to 531,030 in July 2017, recording an increase of 1.6%, a Statistical Service press release says.

July 2018 arrivals were the highest ever in Cyprus until today during July, it notes.

During the first seven months of this year tourist arrivals were 2,184,775 compared to 1,994,236 during the first seven months of 2017, recording an increase of 9.6%. The figure is once more a historic high for that period in Cyprus.

19/06/2018

’ GDP Grows 4% in Q1 2018 - more: https://mailchi.mp/470e74dcee51/cyprus-gdp-grows-4-in-q1-2018

11/06/2018

property sales up 29% in May - https://mailchi.mp/94548ad3b306/cyprus-property-sales-up-29-in-may

03/05/2018

High-end residential market booming in

Sales of high-end properties started gaining pace in Cyprus in 2014. Between 2010 and 2013, nearly 41 high-end housing units were sold on average every year. In 2016 the number of units was 179. Last year sales jumped to 260 units with a year-on-year increase of 45%.

Over half of all high-end property transactions were in Limassol, with apartments accounting for 66% of purchases. The rest were villas, according to global accounting firm PwC, whose definition of 'high end' is a property sold for €1.5 million (US$1.84 million) or above.

was followed by (36%) and (9%). In Paphos, all the high-end properties were villas.

On the bottom of the list of high-end cities are Nicosia and with a 3% share.

The majority of transactions in the high-end residential segment across Cyprus is within the €1.5 (US$1.84) -€2 (US$2.46) million price range. But demand for Cyprus properties in excess of €2 (US$2.46) million continued to rise.

Double-digit growth rates in foreign transactions were reported across all districts of Cyprus in 2017. The highest annual growth was recorded in Famagusta (61%), followed by Paphos (38%) and Limassol (33%).

24/04/2018

The residential property market in saw significant growth in 2017 with sales up 24% and prices up 33% and a rise in foreign buyers, a new annual review report shows.

The highest growth in sales was in Famagusta with a rise of 44%, followed by Nicosia up 42% and Limassol up 36%, according to the Cyprus Real Estate Market Report from PwC Cyprus.
-More: https://mailchi.mp/12f424c58f31/cyprus-property-market-has-seen-significant-growth-in-sales-and-prices-to-foreign-buyers-up-by-24

22/03/2018

Quarterly and annual figures show prices and sales showing strong growth in Cyprus -

Property prices increased strongly year on year across Cyprus in the third quarter of 2017 with apartments up 7.4% and houses up 4.2%, the latest index shows.  The biggest annual increase was in Limassol with apartments up 13.2% and houses up 14.3%, according to the data from the latest quarterly r...

04/03/2018

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