CYPRUS: Property sales up 46% in November

Property sales in Cyprus recorded an increase of 46% in November compared with the same period last year, according to the latest figures published by the Department of Lands and Surveys.

 
Property sales during the January – November period recorded a significant increase of 34% compared with the same period last year.
By district, the largest increase in sales in November was in Limassol with 82%, followed by Paphos with 74%.
Property sales to foreign buyers have also recorded a significant increase amounting to 36%.
Particularly, according to the official figures, the number of sales documents amounted in November to 651, compared with 446 in November 2015.
During the January – November period, the number of sales documents recorded an increase of 34% amounting to 5,929, compared with 4,439 a year earlier.