Cyprus Property Sales Soar (121%)
- Jan 7, 2017
- 1 min read
The number of Cyprus property sales contracts deposited in December was the highest recorded since September 2008 according to official figures from the Cyprus Department of Lands & Surveys.
There was a 121% rise in the number of Cyprus property sales contracts deposited at Land Registry offices across Cyprus during December compared with December 2015. This 121% rise follows a 46% rise in November, a 37% increase in October and a 50% increase in September bringing the annual increase to 43% - the largest year-on-year rise for the past decade.
Cyprus property sales in 2013 were 3,767. In 2014 sales rose 20% to reach 4,527 and in 2015 they rose 9% to reach 4,952. In 2016 Cyprus property sales reached 7,073.
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