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Property Sales & Prices Up, Limassol keeps leading

Property Sales & Prices Up, Limassol keeps leading

House Prices, as measured by the House Price Index and published by Eurostat, rose 3.1% in Cyprus in the fourth of 2016 by compared with the previous quarter and by 2.8% compared with the fourth quarter of 2015.

In the EU as a whole, the House Price Index rose 4.7% in the fourth quarter of 2016 compared with the same quarter of 2015 and by 4.1% in the Euro area.

During March, in Cyprus, a total of 626 contracts for the sale of residential and commercial properties, as well as plots and fields, were deposited at Land Registry offices across Cyprus, compared with the 539 deposited in March 2016.

Of those 626 contracts, 440 (70%) were deposited by Cypriot purchasers and 186 (30%) were deposited by overseas purchasers.

 

 

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