The number of property sales in Cyprus continued torise in May with the number of sales contracts deposited at Land RegistryOffices across the Republic up 29 per cent compared with May 2017.
This follows increases of 29% in April, 23% in Marchand 46% in February.
During May a total of 828 contracts or the sale ofresidential and commercial properties and land (building plots and fields) weredeposited at Land Registry offices across Cyprus, compared with the 758deposited in May 2017.
The figures show a continuing improvement in theeconomic conditions, coupled with government measures (such as the citizenshipby investment scheme).
While sales in both Larnaca and Limassol fell by 5%,they rose in the remaining districts. In percentage terms Famagusta led the waywith sales rising by 108% followed by Nicosia, where sales rose by 30% andPaphos, where sales rose 10%. Although the number of sales in Limassol declined5% in May, it still recorded the highest number of sales during May reaching282.