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Small rise in Cyprus property sales

07.07.2018

 Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry Offices, only a marginal rise was reported compared with June 2017.

The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during June 2018 rose just 2 per cent compared to June 2017 according to official figures published by the Department of Lands and Surveys.

During June a total of 858 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 843 deposited in June 2017. Of those 858 contracts deposited, 385 (44.9%) were for properties purchased by non-Cypriots. Of those 126 were deposited by EU citizens and the remaining 259 by non-EU citizens. Limassol was the most popular district with the overseas market.

While sales in Paphos and Nicosia fell by 23% and 10% respectively, they rose in the remaining three districts. In percentage terms Larnaca led the way with sales rising by 39% followed by Famagusta, where sales rose by 33% and Limassol, where sales rose 11%.

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