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Cyprus property sales are up except in Larnaca

Property sales in Limassol and Paphos have shot up while Larnaca recorded a drop.

Interest in real estate has been revived in Nicosia while confidence is improving in the Famagusta district.

Real estate sales in August increase 27% during August with 572 transactions recorded in total for all the districts.

For the first eight months of 2017 total property sales are up 20% in Cyprus from 4088 last year to 4921.

During the first eight months Limassol has seen the biggest rise in property deed sales at 34% with 1805 recorded transactions. For August alone this figure was 56%.

In Paphos property sales until August increased 26% compared to last year with 1243 transactions from 986 last year.

For the same period Nicosia saw a 23% on 2016 while in Famagusta there was a 19% rise.

The odd district out was Larnaca with an 8% dip in title deed transactions from 861 to 790 for the first eight months.


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