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Property Sales increase

Property Sales statistics show for July 2014 a monthly property sales increase of of 15% at national Level. On a yearly basis for the first seven months the property sales jumped 23% This is the fifth consecutive month that recorded increases

Nicosia district recorded a 31% reduction in July, but the first seven months soared 27%.

Limassol rose 17% in July, while in 2014 the increase reaches 44%.

The Larnaca district rose 31% in July and 23% for the seven months of 2014

In Famagusta the sales in July doubled and the yearly increase for the seven months increased 47%.

Paphos rose 50% in July and but on a yearly basis for the first seven months there is a reduction of property sales of 1%.

Regarding foreign markets, although there was a slight decrease compared to July 2013, at seven months surged 14.7%

the statistics have been provided by the Land registry.

it is believed that the lower property prices attract a large number of foreigh buyers as well as local buyers.

the city of Larnaca has experienced a surge in demand. at the moment property prices for brand new properties are stable with a positive trend.


 
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