Cyprus property sales up 23 per cent

THE NUMBER of properties sold in Cyprus during October 2015 increased according to the latest official statistics issued by the island’s Department of Lands and Surveys.

During October a total of 463 contracts for the sale of commercial and residential properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 375 deposited in October 2014; an increase of 23 per cent.

Of those 463 contracts, 76% (352) were deposited by domestic (Cypriot) purchasers, while 24% (111) were deposited by overseas (non-Cypriot) purchasers.