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+357 99 727 772 Cyprus
0 808 234 4510 Free call from UK

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Athena Court B,
124 Amathountas Avenue, Agios Tychonas
4532, Limassol, Cyprus.
ICQ: 646-307-662
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SALES OF REAL ESTATE TO FOREIGNERS IN CYPRUS HAVE GROWN UP TO 4 TIMES BY THE BEGINNING OF SUMMER 2017

07.07.2017

According to the Cyprus land registry department, around 800 properties have been sold for the period from the beginning of the year until summer 2017. More than one third of transactions (about 35%) were conducted by foreign nationals. There is an obvious growth in market activity, moreover, the actual growth of sales to foreign buyers reached 300% compared to the period of 2016.

As for the geography of the purchases, the greatest growth in popularity show the free territory of Famagusta (Agia Napa, Protaras, Kaparis and  Paralimni). In the summer of 2016, there were no registered sales to foreign citizens in these territories, whereas this year just in May there were 11 sales alone. Sales in Pafos are increasing rapidly as well, showing more than 500% of growth.

Limassol, traditionally the leader in popularity among foreigner buyers, has increased its growth to 400%. One of the important factors here is a large number of high-rise new buildings and interesting investment projects. Larnaca closes the list with around 330% of growth, which is as well a shockingly high percentage.

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