Property for sale in Cyprus
In the last month the increasing number of transactions for properties for sale in Cyprus was mainly in Pafos, where the index rose by 53% compared to the monthly month of 201. In Limassol, the figure stands at 18%, in Famagusta up 21%. In Nicosia and Larnaca, on the other hand, there was a decline in activity in the sector of 47%.
The number of purchase and sale contracts in Republic of Cyprus in 2018 increased by 23% compared to May 2017, according to official figures published by the Department of Lands and Polls. The figures show a continuous improvement of economic conditions, together with government measures. However, the recent Council decision may limit sales to non-EU citizens. In percentage terms, Famagusta managed sales up 108%, followed by Nicosia, where sales increased by 30% and Paphos, where sales increased by 10%. Limited is the number of sales in Limassol decreased by 5% in May.
During the first five months of 2018, the number of contracts for property for sale in Cyprus deposited at the offices of the sector increased by 31% to 3,612 compared to 2,767 deposits during the period of last year. In percentage terms, Famagusta recorded the largest increase in the number of sales, up by 84%, followed by Nicosia ,the capital),with an increase of 51%. Increments of 29%, 28% and 4% were recorded as a Paphos, Limassol and Larnaca.
Many foreign people are interested in property for sale in Cyprus thanks to the good increase of real estate
market in the last year.
For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.Set now Don't show again