In May, the total registrations of motor vehicles rose 28.2% annually, although, for the first five months of the year, the trend was downward. According to the Statistical Service on Wednesday, registrations
Car dealers are frustrated with their turnover as they are forced to sit back helpless and watch the market crumble. According to the Cyprus Statistical Services data, passenger saloon cars registered in
Motor vehicle sales began the new year with a sharp annual decline as total registrations in January dipped 23.3% to 2,633, the Cyprus Statistical Service said. Passenger saloon cars, which represent the
The real estate market is back on track following the pandemic and demise of the Citizenship for investment scheme, as property sales in January exceeded those in the same month in pre-COVID
Despite the sales, Cyprus’ retail sector can’t shake off the coronavirus pandemic, as it has fallen victim to Omicron’s high transmissibility. With many daily cases and close contacts being kept at home,
Vehicle registrations dipped by an annual 11.8% in 2021 to 34,716 from 39,367 the year before, and under 40% of saloon cars sold were new. According to the Statistical Service (CyStat), the
Authorities urge consumers to be aware of potential discount scams during the winter sales season. Consumer protection services and watchdog organisations have warned that “loopholes” in legislation leaves room for price manipulation.
Real estate sales increased by 25% in the 11 months to November, compared to the same period of 2020, with Nicosia transactions exceeding pre-coronavirus levels. Compared to the first 11 months of
Vehicle registrations declined 6% in the first ten months of 2021, but bikes and mopeds recorded significant increases, data released by the Cyprus Statistical Service (CyStat) show. In October alone, the total
In September, annual car sales plunged 19.6%, while vehicle registrations were also down by nearly 5% for the first nine months of the year. Last month, total registrations of motor vehicles were
