On the basis of the results of the Passengers Survey, arrivals of tourists reached 225.575 in April 2016 compared to 201.495 in April 2015, recording an increase of 12,0%. An increase of 9,6% was recorded in tourist arrivals from the United Kingdom (from 83.361 in April 2015 to 91.391 in April 2016), 53,4% increase from Russia (from 25.149 to 38.591) and 46,6% increase from Israel (from 8.312 to 12.185 this year). On the other hand a decrease of 6,4% was recorded in tourist arrivals from Greece (16.685 in April 2016 compared to 17.825 in April 2015).
For the period January – April 2016 arrivals of tourists totalled 477.183
compared to 391.483 in the corresponding period of 2015, recording an increase
On the basis of the results of the Passenger Survey, revenue from tourism reached €80,9 million in March 2016 compared to €65,0 million in the corresponding month of the previous year, recording an increase of 24,5%.
For the period January – March 2016 revenue from tourism is estimated at €147,6 million compared to €124,3 million in the corresponding period of 2015, recording an increase of 18,7% (Source: CYSTAT).
Deposits in the Cyprus banking system rose by €144,9 million in April, while loans fell by 86,7 million, continuing the deleveraging process for the fourth consecutive month.
According to figures released by the Central Bank of Cyprus, total deposits in April amounted to €45,9 billion in April, whereas total loans declined to €57,0
Deposits recorded a net increase of €144,9 million in April compared with a net reduction of €95,6 million in March. On an annual basis deposits rose by 2,4% in April compared with a 2,0% in March.
Deposits from Cyprus residents rose by 144,8 million while deposits by
residents of other EU member-states rose by 54,4 million. Deposits of non EU
member-states declined by €54,3 million.
Total deposits held by Cyprus residents stood at 33,6 billion in April with
residents of other EU member-states amounted to €2,86 billion. Deposits held by residents of non EU member states amounted to €9,39 billion.
Total loans in April recorded a net reduction of €86,7 million registering
their four monthly decline.
In March net reduction stood at €613,1 million, in February €50,8 million and
in January €3,05 billion.
Total loans in April amounted to €57,4 billion of which €46,87 billion were
held by residents of Cyprus, €3,40 billion by EU residents and €7,15 billion by
residents of non- EU member-states.
Loans held by residents of non EU member-states recorded the highest decline
with 121,9 million followed by loans held by Cyprus residents which declined by €37,5 million. Loans held other EU member states rose by €72,7 million (Source: www.stockwatcg.com.cy).
Property sales in the first five months of this year were up by a substantial 25% compared to the same period of 2015, according to data published by the Land Registry in relation to total property sale contracts submitted to it.
A significant increase in the actual transfer of properties during the same
period is also recorded. According to the data, sales contracts submitted at
the Land Registry across Cyprus in the first five months of 2016 reached 2.355 compared to 1.884 at the same period last year.
In May property sales were up by 17% with 474 sales contracts submitted in
relation to 405 in May 2015. The number of property transfer cases which took place in May were 998 and regarded 1,123 blocks, with the total stated amount coming to €218.329.262 and the total accepted amount coming to €233.199.848.
In May 2015 the number of property transfer cases were 858 and regarded 920 blocks, with the total stated amount for the transfers coming to €163.799.456 and the total accepted amount coming to €172.172.909.
In the first five months of 2016 the number of property transfer cases were
4.605 and regarded 5.454 blocks, with the total stated amount for the transfers coming to €1.2 billion and the total accepted amount coming to €1.33 billion.
In the first five months of 2015 the number of property transfer cases were
3.379 and regarded 3.697 blocks, with the total stated amount for the transfers coming to €635.5 million and the total accepted amount to €679.79 million (Source: www.stockwatch.com.cy).