Many millions of Euros worth of Cyprus property in all the districts comprising houses, apartments, commercial properties and plots of land and fields land are set to go under the hammer in June.
JUNE seems to be the month of auctions in Cyprus with numerous flats, plots of land and industrial-use buildings set to come under the hammer despite the poor sales recorded so far. There are opportunities for all types of real estate in all of the island’s cities with prices ranging from a few thousand to a few million, according to posts on the website of the Ministry of Interior. One that really stands out is an apartment complex being auctioned by Altamira at Skala, Larnaca, consisting of 10 apartments without separate title deeds. The price is only €940,500. At the same time, a high value property auctioned by Hellenic Bank is a plot of land in Engomi, Nicosia, which goes for €1.02 million. Hellenic also sells a plot of land at Agios Dhometios suburb at the price of €1.87 million. Alpha Bank auctions a two-storey apartment in Chrysopolitissa area, Larnaca, at the price of €1.06 million. At Skala, Larnaca, Altamira will also auction a retail store at the price of €995,500. The most valuable properties are in Limassol district, reaching €2.9 million, followed by some in Larnaca with a real estate value of €2.1 million and then in Paphos with €1.5 million. In Famagusta district, the properties are estimated at around only €400,000. In Nicosia, Hellenic Bank will auction an apartment in Engomi at the price of €104,000, and one on Kallipoleos Avenue at the price of €38,000. Bank of Cyprus is to auction an apartment in Aglantzia at the price of €46,400. A plot of land in Strovolos will be sold by Altamira at the price of €193,800.
Read more at: https://www.news.cyprus-property-buyers.com/2019/06/04/cyprus-property-worth-millions-under-the-hammer/id=00156689
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