Cyprus property sales up 29% in May

The number of property sales in Cyprus continued to rise in May with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with May 2017.

This follows increases of 29% in April, 23% in March and 46% in February. During May a total of 828 contracts or the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 758 deposited in May 2017.

The figures show a continuing improvement in the economic conditions, coupled with government measures

During the first five months of 2018 the number of contracts for the sale of property deposited at Land Registry offices has risen 31% to 3,612 compared to the 2,767 deposited during corresponding period of last year.