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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Small rise in property sales

October saw a marginal rise in Cyprus property sales compared to the corresponding month last year according to the latest official figures released by the Department of Lands and Surveys.

   

OCTOBER saw a small rise of less than 1% in property sales with the total number of contracts deposited reaching 813 compared with the 811 contracts deposited in October 2018 according to the latest official figures published by the Department of Lands and Surveys. Although property sales in Larnaca and Nicosia rose by 38% and 26% respectively, they fell by of 21% in Limassol, 12% in Famagusta and 6% Paphos.

        Total Property Sale Contracts – 2018/2019 Comparison

Property sales – year to date

During the first ten months of 2019, the number of sales has risen by 14% to reach 8,549 compared to 7,517 in the corresponding period last year. Although sales have declined by 1% in Famagusta, they have risen in the remaining four districts. In percentage terms, Nicosia leads the way with sales rising 23% to reach 1,610 compared with 1,314 in the first ten months of 2018. Paphos, which is favoured by overseas buyers, has seen sales rise by 22%, followed by Larnaca and Limassol, where sales have risen by 17% and 6% respectively. In terms of the total number of property sales, Limassol is in first place with 2,937 followed by Paphos with 2,177, Nicosia with 1,610, Larnaca with 1,284 and finally Famagusta with 541.

Read more at: https://www.news.cyprus-property-buyers.com/2019/11/05/small-rise-property-sales/id=00157373
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