News
Property sales up 32% October 2016, Limassol first in sales at 44%
Property sales increased by 37% in October
2016, compared to the same month last year, a continuation of the trend of
increasing sales mostly since February of the current year.
Sales during the period January-October 2016
recorded an increase of 32% (3,993 last year, 5,278 this year).
This is according to data publicized by the
Land Registry, which show that sales documents submitted to the District Land
Registry offices reached 634 in October 2016 compared to 463 in October 2015,
an increase of 37%. During the previous two months, August and September, the
increase in sales had reached 50% and 44% respectively.
By district, the largest increase in sales in
October 2016 (63%) was recorded in Limassol. Famagusta follows at 62%, Larnaca
28%, Nicosia 25% and Paphos at 8%.
Limassol also recorded the largest increase
(44%) for the period January-October 2016 compared to the same period last
year, followed by Famagusta at 33%.
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