February - continued strong growth in property sales

The strong growth in Cyprus property sales continued in February with the number of properties sold rising in all districts (with the exception of Larnaca) according to official figures.

This increase follows a rise of 64% in January, 36% in December, 39% in November and an 18% rise in October. During February a total of 666 contracts or the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 456 deposited in February 2017. This is the highest number of contracts deposited during February since 2010 when 704 contracts were deposited. Although sales in Larnaca fell by 1%, they rose in all the other districts. In percentage terms Famagusta led the way with sales rising by 174% followed by Paphos, where sales rose by 87%. Meanwhile sales in Limassol and Nicosia rose by 45% and 32% respectively.

Read more at: http://www.news.cyprus-property-buyers.com/2018/03/06/strong-growth-property-sales/id=00153239
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