{"id":2435811,"date":"2019-05-24T15:15:49","date_gmt":"2019-05-24T12:15:49","guid":{"rendered":"https:\/\/buyhome.com\/?p=2435811"},"modified":"2019-05-24T15:16:07","modified_gmt":"2019-05-24T12:16:07","slug":"sharp-rise-in-cyprus-property-sales-april-2019","status":"publish","type":"post","link":"https:\/\/buyhome.com\/sharp-rise-in-cyprus-property-sales-april-2019\/","title":{"rendered":"SHARP RISE IN CYPRUS PROPERTY SALES – APRIL 2019"},"content":{"rendered":"\n
APRIL saw a sharp rise in Cyprus property sales compared to the numbers sold in the corresponding month last year, with the number of contracts deposited at Land Registry offices up 61% according to the Department of Lands & Surveys. <\/strong><\/p>\n\n\n\n During April a total of 1,057 contracts were deposited at Land Registry offices for the sale of commercial and residential properties and land compared with 655 in April 2018 \u2013 and the biggest monthly figure recorded since September 2008 when 1,157 contracts were deposited. <\/p>\n\n\n\n Of those 1,057 contracts, 628 (59%) were deposited by Cypriots and the remaining 429 (41%) by non-Cypriots \u2013 123 of whom were EU citizens and 306 non-EU citizens. <\/p>\n\n\n\n Property sales rose in all districts and the figures show a continuing improvement in the economic sentiment. <\/p>\n\n\n\n A rush by foreign nationals to acquire Cypriot passports via the citizenship-by-investment scheme before tougher criteria come into force on 15 May could also have helped to boost sales. <\/p>\n\n\n\n (Further details of the revised scheme may be found at https:\/\/buyhome.com\/the-recent-changes-to-cyprus-investment-programme\/<\/a>) <\/em><\/p>\n\n\n\n Sales rose in all districts. In percentage terms, Famagusta led the way with sales up 85%, followed by Limassol with a rise of 74%, while sales in Larnaca, Nicosia, and Paphos rose by 69%, 44%, and 43% respectively.<\/p>\n\n\n\n