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    Cyprus’ construction industry seems to be regaining confidence over the... read more

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  • 10 July 2018 Hellenic Bank Step towards the conclusion of the agreement

    The decision of the House of Representatives yesterday is still a decisive... read more

Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 1 August 2018 Cyprus construction industry enjoying a revival

    Cyprus’ construction industry seems to be regaining confidence over the... read more

  • 23 July 2018 Signing of an agreement for the creation of satellite Casino at Larnaka international airport

    The Hermes Airports Ltd and the Integrated Casino Resorts Consortium Cyprus... read more

  • 17 July 2018 Larnaca Tower plans progressing

    It looks as if a high-rise development ‘Larnaca Tower’ will soon get... read more

  • 16 July 2018 Andreas Byras Mayor of Larnaca interview in Politis newspaper

    "There will be pressure. Neither with the issue of the harbor, nor with the... read more

  • 10 July 2018 Hellenic Bank Step towards the conclusion of the agreement

    The decision of the House of Representatives yesterday is still a decisive... read more

November property sales up 39 percent

   

THE NUMBER of property sales during November rose 39 per cent compared to November 2016 according to official statistics published by the Department of Lands and Surveys earlier today. This rise follows a rise of 18% in October, an 8% rise in September, and a 27% rise in August. During November a total of 906 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 651 deposited in November 2016. Sales rose in all districts. In percentage terms Famagusta led the way with sales up by 174% and sales in Nicosia (the capital) up by 98%. Meanwhile sales in Larnaca, Limassol and Paphos rose by 32%, 29% and 16% respectively.

During January to November the number of contracts for the sale of property deposited at Land Registry offices has risen 21% to 7,197 compared to the same period last year. Although sales in Larnaca have fallen by 4%, they have improved in the other districts. Sales in Famagusta are up 32%, sales in Nicosia are up 31% and sales in Limassol and Paphos are up 28% and 26% respectively. Property sales have been encouraged by the reduction in Property Transfer Fees, the abolition of Immovable Property Tax. Non-EU citizens wishing to obtain residency or a Cypriot passport are taking advantage of two government schemes. 


Read more at: http://www.news.cyprus-property-buyers.com/2017/12/04/november-property-sales-39/id=00153048
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