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Property sales improve

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.

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Read more at: http://www.news.cyprus-property-buyers.com/2015/04/04/property-sales-improve-but/id=0055035
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