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One in two property buyers are non-Cypriot

July 13, 2018 at 10:26am
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One in two property buyers in Cyprus are foreigners, with the majority of them non-EU citizens, according to the latest figures released by the Land and Surveys Department.

It said that in the first six months of 2018, of a total number of 4,470 sales contracts submitted to the department, 2,187  were by non-Cypriots.

Of the 2,187 sales contracts, 665 were submitted by EU buyers and the remaining 1522 by non-EU citizens.

Limassol had the largest number of non-EU foreign buyers with 543, followed by Paphos with 516. Paphos had 333 EU buyers and Limassol 122.

Figures for Larnaca show non-EU foreign buyers at 266, compared to 62 by EU buyers. Nicosia had 54 EU buyers and 65 non-EU buyers and the free Famagusta areas had 94 and 132 respectively.