Cyprus property sales continued their upward trend inJanuary with the number of property sale contracts deposited at Land Registryoffices rising compared with January 2017 according to official figures.
The Department of Lands and Surveys reports that the numberof property sales contracts deposited at Land Registry offices across Cyprus inJanuary 2018 rose 64 per cent compared to January 2017. This rise follows arise of 39% in November, an 18% rise in October and an 8% rise in September.
During January a total of 695 contracts or the sale ofresidential and commercial properties and land (building plots and fields) weredeposited at Land Registry offices across Cyprus, compared with the 423deposited in January 2017. This is the highest number of contracts depositedduring January since 2012 when 697 contracts were deposited.
Sales rose in all districts. In percentage terms Famagustaheaded the field with sales rising 129% followed by Nicosia, where sales roseby 103%. Sales in Paphos, Limassol and Larnaca rose by 71%, 70% and 10%respectively.