Black Friday off to slow start

Retailers reported their Black Friday sales began an underwhelming start amid a waterfall of complaints of fake offers, with consumers also dissatisfied with the discount level, which averages 20%. Shopkeepers were banking

Car sales at lowest ebb since 2015

Sales of passenger saloon cars in the first 10 months dropped to their lowest level since 2015, according to data released Tuesday. The energy crisis, rising pump prices, and long delays in

Property sales spike 36%

Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were

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€1.65 bln in Q3 property sales

Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third quarter, rising to €1.65 bln from €1.2 bln in

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Property sales best since 2008

Cyprus’ real estate sector is proving to be resilient, as it has recorded its best nine months of sales since 2008, according to Land Registry data. According to the latest data, sales

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Annual property sales jump 18%

Property sales increased by 18% during the first nine months of 2022, compared to the same period last year. Also, the number of sale agreements submitted to the Land Registry increased by

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August saloon car sales jump 12%

Total registrations of motor vehicles reached 2,484 in August 2022, recording an increase of 8.1% from 2,298 a year ago, according to the Statistical Service. Passenger saloon car sales rose by a

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Car sales dip as demand stays high

Cyprus car dealers are coming to terms that the market is frozen, with no prospect of rebooting until the end of the year, as vehicle sales plummet due to a hold up

Summer sales save retailers at malls

Retailers at Cyprus malls are delighted as visits and turnovers are almost 20% higher than those recorded in pre-coronavirus 2019, following more than two years of restrictions. In comments to news site

Delays in delivery hinder car sales

Sales of new cars have slowed on the island and the European Union, as the industry is having trouble delivering to customers due to supply chain shocks. Buyers are unwilling to place

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