Paphos the Champion in Sales to overseas property buyers in 2017

17/01/2018
Paphos  had the lead in purchase contacts to foreign buyers in 2017 by 36% in comparison to Limassol which follows by 33,5 % . Larnaca is third with 16 % and lastly Famagusta  with   7,5 % and Nicosia with just 7%.
Property Sales in Cyprus rose 24 % during 2017 (the highest  number since 2008) according  to official statistics published by  the department of Land and Surveys. This follows an annual rise  of 43% in 2016 , 9% in 2015 and 20% in 2014.
Property sales  to the domestic (Cypriot ) market rose 21 % compared with 2016 and sales to overseas (non- Cypriots) market rose  33% compared with 2016.
Paphos has managed,  with the  continuous and targeted efforts made by local  large property developers, to remain in first position  for the  whole of 2017 and to attract foreign buyers and investors who expressed their preference  mainly in beachfront luxury villas. 
The area of Paphos has become the new attraction for  Russian , Chinese and Middle  East buyers and entrepreneurs.  The  town of  Paphos  and the entire province is the safest and most secure area on the island, where  one can live, work and holiday.
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 2017  as the best  city  to buy  a holiday  home  abroad.
Paphos: Paphos Remains the champion in property sales for  2017



  
 

 


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