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  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... 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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