The number of properties sold in Cyprus in March increased 31 per cent compared with March 2014 with sales improving in all districts with the exception of Famagusta. In March a total of 452 contracts for the sale of commercial and residential properties and plots of land were deposited at Land Registry offices across Cyprus; an increase of 31% on the 344 contracts deposited during the same period last year. Of those 450 contracts 91% (411) were deposited on behalf of domestic buyers, while 9% (41) were deposited in favour of overseas buyers.
Although sales fell 29% in Famagusta, they increased in all the other districts. Sales in Limassol increased 60% to reach 160 compared to the 100 sold in March 2014. Sales in Larnaca went up 38%, while those in Nicosia and Paphos increased by 34% and 8% respectively. Overall sales during the first quarter of 2015 are up 16% compared with the first quarter of last year with sales reaching 1098 compared to 948 last year.
Read more at: http://www.news.cyprus-property-buyers.com/2015/04/04/property-sales-improve-but/id=0055035
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