August property sales up 27 per cent

The number of property sales in Cyprus during August rose 27 per cent compared to August 2016 according to official statistics published by the Department of Lands and Surveys earlier today. This rise follows an 18% increase in July, a 28% increase in June, and a 59% increase in May.During August a total of 572 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 451 deposited in July 2016.

During the first eight months of 2017, the number of sales contracts deposited at Land Registry offices has risen 20% compared to the same period last year (from 4088 last year to 4921). With the exception of Larnaca, where sales during the eight months have fallen 8%, property sales have increased in all other districts.