{"id":2507014,"date":"2020-02-05T11:33:11","date_gmt":"2020-02-05T09:33:11","guid":{"rendered":"https:\/\/buyhome.com\/?p=2507014"},"modified":"2020-02-05T11:35:46","modified_gmt":"2020-02-05T09:35:46","slug":"rise-in-property-sales-attributed-to-local-eu-buyers","status":"publish","type":"post","link":"https:\/\/buyhome.com\/rise-in-property-sales-attributed-to-local-eu-buyers\/","title":{"rendered":"Rise in property sales attributed to local & EU buyers"},"content":{"rendered":"\n
The 12\npercent year-on-year increase in the number of property sales in Cyprus during\n2019 was attributable to Cypriots and EU citizens, while the number of sales to\nnon-EU citizens remained stable.<\/p>\n\n\n\n
FIGURES released by the\u00a0Department of Lands & Surveys\u00a0earlier today show that the 12% year-on-year\u00a0rise in Cyprus property sales\u00a0can be attributed almost solely to the domestic (Cypriot) and the overseas EU market.<\/strong><\/p>\n\n\n\n Property sales to the domestic market, which\naccounted for 57% of all sales, rose 21% on an annual basis, with increased\nnumbers recorded in all districts.<\/p>\n\n\n\n In percentage terms, Paphos led the way with\nsales up 55% on an annual basis, followed by Larnaca, where sales increased by\n26%. Meanwhile, sales in Nicosia rose by 23% and sales in Famagusta and\nLimassol rose by 18% and 10% respectively.<\/p>\n\n\n\n But Limassol recorded the highest number of\nsales (2,321) followed by Nicosia (1,693), Larnaca (829), Paphos (743) and\nfinally Famagusta (298).<\/p>\n\n\n\n Domestic Property Sale Contracts \u2013 2018\/2019 Comparison<\/em><\/p>\n\n\n\nDomestic sales<\/strong><\/h2>\n\n\n\n