Major improvements have already taken place. Interior Minister Neoklis Sylkiotis promised that from now on every month approximately 1 200 Cyprus property owners will receive their Title Deeds. The above mentioned measures significantly increased the demand for the island’s property. From May to June 2011 the number of real estate transactions in Cyprus have increased by 10%. Also due to the global economic crisis prices for Cyprus property have been reduced. Experts believe that now is the right time to purchase property in Cyprus.