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Limassol becomes the Leader in Property Sales to Foreigners

Limassol becomes the Leader in Property Sales to Foreigners

Limassol is now the foreigners' number one choice for a buying a residence in Cyprus, a position previously held by Pafos.

According to the data published by the Land & Surveys Department, 220 sales contracts with buyers from a foreign origin had been deposited to the department during the period January-June 2016. The total number of sales contracts towards foreigners deposited in the Land & Surveys Department during the same period reached the total of 685, increased by 8% compared to the same period of 2015.

The total sales contracts, both to local and foreign buyers were 2355, of which the 29% concerned foreign buyers. Limassol came first in sales contracts to foreign buyers, followed by Pafos and Larnaca.

It is important to mention that Pafos was the leading district in contract sales regarding foreign buyers since 2011, showing a change in their attitude who now turn towards Limassol.

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