2017 a better year for property sales

For the fourth consecutive year Cyprus property sales rose during 2017 according to the latest official statistics published earlier today by the Department of Lands and Surveys in Nicosia.

December property sales

During December 2017 total of 1,537 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 1,134 deposited in December. 2016; an increase of 36% and the highest number since July 2008. Of the 1,537 contracts, 1,190 (65%) were deposited by domestic (Cypriot) purchasers, while 35% (347) were deposited by overseas (non-Cypriot) purchasers. Sales rose in all districts. In percentage terms Nicosia (the capital) led the way with a rise in sales of 113% followed by Famagusta with an increase of 94%. Meanwhile sales in Limassol, Larnaca and Paphos rose by 23%, 18% and 10% respectively.

Read more at: http://www.news.cyprus-property-buyers.com/2018/01/14/better-year-for-property-sales-2/id=00153098
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