Paphos Remains the Champion in Sales to Overseas Property Buyers in the first five months of 2019

The area of Paphos, one of the most beautiful regions in the Mediterranean, has once again come out on top for attracting the majority of European and Non-European buyers and entrepreneurs. The town of Paphos and the entire picturesque province is the safest and most secure area on the Island, where one can live, work and holiday.

Paphos had the lead in purchase contracts to overseas buyers, especially from Europe, for the whole period January – May 2019 by 40.6 % in comparison to Limassol which follows with 29.5%. Larnaca is 3rd with 15.3% and lastly Famagusta with 7.4% and Nicosia with just 7.2%.

Over the course of the period January – May 2019 , a total of 2163 property sale contracts were signed by overseas buyers, with 631 deposited by EU nationals and 1532 by non-EU nationals. At the same time, during the same period, the total number of contracts to overseas buyers has risen 20% compared to the ones signed during the corresponding period of 2018.

The perfect climate along with the new cosmopolitan culture in the region has increased the turnout of foreign buyers and investors. Paphos has been identified in the last few years as the best city to buy a holiday home abroad.
Photo: Paphos remains the champion in property sales to overseas buyers especially to Europeans