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Cyprus records massive jump in property sales

Cyprus records massive jump in property sales

According to data released the department of lands and survey overall contracts of sale reached 451 in August 2015 compared with 301 in August 2015.

Sale contracts for the period of January – August 2016 rose by 30% reaching 4,088 from 3,155.

Limassol saw 1,350 sale contracts submitted in the first nine months of 2016 marking an increase of 38% year on year, whereas Famagusta sale contracts submitted in the period rose by 32% to 251 from 190. Sale contracts in Larnaca rose by 28% to 861 from 675. Sales in the capital Nicosia marked an annual increase of 26% with 640 sale contracts submitted in January – August compared with 506 in the corresponding period of 2015 followed by Pafos with sale contracts rising by 24% to 996 compared with 794 in the period of January August of 2015.

 

Source: CNA

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