Rise in overseas property sales continues

The steady increase of overseas property sales Cyprus continued in August according to the latest official statistics published by the Department of Lands and Surveys with sales in Famagusta leading the way.

Of the 572 contracts for the sale of immovable property that were deposited at Land Registry offices across Cyprus in August, 399 (69.8%) were deposited by Cypriot purchasers and 173 (30.2%) were deposited by overseas property purchasers. With the exception of Nicosia, where sales were almost the same as August 2016, sales rose in all districts. In percentage terms, Famagusta lead the way with sales increasing by 144%, while in Larnaca, Paphos and Limassol rose by 79%, 65% and 46% respectively.

Read more at: http://www.news.cyprus-property-buyers.com/2017/09/09/rise-overseas-property-sales-continues/id=00152770
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