August property sales up 27 per cent the number of propertysales in Cyprus during August 2017 rose by 27 per cent compared with the samemonth last year according to official figures from the Department of Lands andSurveys.
THE NUMBER of property sales in Cyprus during August rose 27per cent compared to August 2016 according to official statistics published bythe Department of Lands and Surveys earlier today. This rise follows an 18%increase in July, a 28% increase in June, and a 59% increase in May. DuringAugust a total of 572 contracts for the sale of residential and commercialproperties and land (building plots and fields) were deposited at Land Registryoffices across Cyprus, compared with the 451 deposited in July 2016. Sales rosein all districts with Limassol leading the way with sales up 56% compared withAugust 2016. Sales in Nicosia (the capital) rose by 19% and sales in Paphosrose 18%. Meanwhile sales in Famagusta and Larnaca rose by 15% and 9%respectively.
During the first eight months of 2017, the number of salescontracts deposited at Land Registry offices has risen 20% compared to the sameperiod last year. With the exception of Larnaca, where sales during the eightmonths have fallen 8%, property sales have increased in all districts.