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Rise in property sales led by local and EU buyers

The rise in property sales during September was led by local and overseas buyers from the EU who between them purchased 47 (10%) more properties than September 2018 say official figures.

There was a marginal rise of 1% in property sales during September compared with September 2018. While the combined total of sales to local and overseas buyers from the EU rose by 10%, sales to non-EU citizens fell 19% according to official figures published by the Department of Lands and Surveys. Of the 692 deposited at Land Registry offices, 407 (59%) were deposited by on behalf of local (Cypriot) purchaser and the remaining 285 (41%) by foreign buyers of whom 110 were EU nationals and 175 non-EU nationals.

Read more at: https://www.news.cyprus-property-buyers.com/2019/10/07/rise-in-property-sales-led-by-local-eu-buyers/id=00157277
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