Paphos remains the most popular destination for the foreign property buyers

Paphos remains the most popular destination for the foreign property buyers

Paphos remains the most popular destination for the foreign property buyers

Property sales in May

Property sales stats demonstrate continuing economy growth. According to the statistical data of the Department of Lands and Surveys, total number of deposited sales contracts in May increased by 10% comparing to May 2017.  A total of 828 contracts were deposited, 392 of which (47.3%) were for properties sold to the foreign buyers.

 

 

Total sales this year

 

A total of 3612 contracts were deposited at the Land Registry offices from January to May this year, which is 31% higher than the same period last year. Paphos remained the most popular district with the overseas market with the total number of property sold to the foreigners reaching 724 out of 1802 island-wide. Limassol recorded 534, Larnaca 256, Famagusta 192, Nicosia 96.

 

Paphos maintains its position as the most popular destination for overseas buyers with 2018 sale contracts reaching 724, followed by Limassol with 534, Larnaca with 256, Famagusta with 192 and Nicosia with 96.

 

Total Property Sale Contracts – 2017/2018 Comparison

 

 

District Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Nicosia 2017 72 73 79 80 118 162 124 76 87 117 170 306
  2018 146 96 126 117 153              
Famagusta 2017 21 19 40 29 38 46 59 47 57 51 52 169
  2018 48 52 40 52 79              
Larnaca 2017 102 100 113 69 119 96 103 88 107 111 151 181
  2018 112 99 116 83 113              
Limassol 2017 132 177 232 192 298 304 269 201 203 306 321 532
  2018 225 256 314 246 282              
Paphos 2017 96 87 162 136 183 235 184 160 148 183 212 349
  2018 164 163 172 157 201              
Totals 2017 423 456 626 506 756 843 739 572 602 768 906 1537
  2018 695 666 768 655 828              

 

 

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