{"id":2460832,"date":"2019-08-08T12:30:44","date_gmt":"2019-08-08T09:30:44","guid":{"rendered":"https:\/\/buyhome.com\/?p=2460832"},"modified":"2019-08-08T12:34:17","modified_gmt":"2019-08-08T09:34:17","slug":"40-increase-in-sales-in-larnaca","status":"publish","type":"post","link":"https:\/\/buyhome.com\/40-increase-in-sales-in-larnaca\/","title":{"rendered":"40% INCREASE IN SALES IN LARNAKA"},"content":{"rendered":"\n

The number of\nCyprus property sales during July was the same as the number sold in July 2018,\nwith sales falling in all districts with the exception of Larnaka according to\nstatistics from the Department of Lands & Surveys.<\/p>\n\n\n\n

JULY saw the same number of property sales in Cyprus as during the corresponding month last year, with the number of sales contracts deposited at Land Registry offices totaling 896 according to official figures published by the Department of Lands and Surveys<\/a>.<\/strong><\/p>\n\n\n\n

Of the 896 contracts that were\ndeposited for the sale of commercial property, residential property, building\nplots and land, 476 (53%) were deposited by Cypriots and the remaining 420\n(47%) by foreign nationals of whom 31% (146) were EU citizens and 69% (274)\nwere non-EU citizens.<\/p>\n\n\n\n

With the exception of Larnaka,\nwhere sales rose by 40% compared with July 2018, they fell in the remaining\nfour districts.<\/p>\n\n\n\n

In percentage terms, Famagusta\nrecorded the greatest fall of 20%, while property sales in Limassol fell by 9%\nand sales in Paphos and Nicosia each fell by 1%.<\/p>\n\n\n\n

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Property sales \u2013 year to date<\/strong><\/h2>\n\n\n\n

During the first seven months of 2019, the number\nof sales has increased by 20.3% to reach 6456 compared to 5366 in the\ncorresponding period of last year.<\/p>\n\n\n\n

In percentage terms, sales in Paphos have risen by 29.6% and sales in Nicosia have risen by 23.6%. Meanwhile, sales in sales in Larnaka have risen 21.0%, sales in Limassol have risen 15.1% and sales in Famagusta have risen by 7.1%. However, in terms of the total number of sales Limassol leads the way with 2273.<\/p>\n\n\n\n

Domestic property sales<\/strong><\/h2>\n\n\n\n

Sales to the Cypriot market rose 1% in July\ncompared to July 2018. But although sales in Larnaka rose by 120%, they fell in\nthe remaining four districts.<\/p>\n\n\n\n

Sales in Famagusta fell by 90%, while sales in\nPaphos, Limassol and Nicosia fell by 13%, 9% and 1% respectively.<\/p>\n\n\n\n

During the first seven months of 2019, domestic\nsales rose by 29% compared with the same period last year.<\/p>\n\n\n\n

Overseas property sales<\/strong><\/h2>\n\n\n\n

Property sales to the overseas (non-Cypriot) market\nduring July 2019 fell by 1% with 420 contracts of sale deposited compared with\n426 in July 2018.<\/p>\n\n\n\n

While sales in Famagusta and Paphos rose by 9% and\n3% respectively and sales in Nicosia remained steady, Sales in Limassol and Larnaka\nfell by 9% and 6% respectively.<\/p>\n\n\n\n

During the first seven months of 2019, sales to overseas rose by 11% compared with the same period last year.<\/p>\n\n\n\n

Overseas sales (EU nationals)<\/strong><\/h2>\n\n\n\n

Property sales to EU nationals fell 3% in July\ncompared with July 2018.<\/p>\n\n\n\n

Although sales in Nicosia, Limassol and Larnaka\nrose by 18%, 8% and 7% respectively, they fell by 15% in Famagusta and by 8% in\nPaphos.<\/p>\n\n\n\n

During the first seven months of 2019, sales to EU\nnationals rose by 10% compared with the same period last year.<\/p>\n\n\n\n

Overseas sales (non-EU nationals)<\/strong><\/h2>\n\n\n\n

Sales to non-EU nationals fell 1% in July compared\nwith the same month last year, with sales falling in all districts with the\nexception of Famagusta and Paphos, where they rose by 30% and 12% respectively.<\/p>\n\n\n\n

Sales in Nicosia fell by 20%, sales in Limassol\nfell by 14% and sales in Larnaka fell by 9%.<\/p>\n\n\n\n

Sales in Limassol fell by 50%, sales in Nicosia\nfell by 47%, while sales in Famagusta and Larnaka fell by 44% and 6%\nrespectively.<\/p>\n\n\n\n

During the first seven months of 2019, property\nsales to non-EU nationals rose by 12% compared with the same period last year.<\/p>\n\n\n\n

Source: <\/em>https:\/\/www.news.cyprus-property-buyers.com\/2019\/08\/06\/july-property-sales-hold-steady\/id=00157140<\/em><\/a>
Copyright \u00a9 Cyprus Property News <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Cyprus property sales during July was the same as the number sold in July 2018, with sales falling in all districts with the exception of Larnaka according to statistics from the Department of Lands & Surveys. JULY saw the same number of property sales in Cyprus as during the corresponding month last… Read more »<\/a><\/p>\n","protected":false},"author":20,"featured_media":2460839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n