Annual property reports hit eleven year high!

Property sales – December 2019 During December a total of 910 contracts deposited compared to 800 in December 2018. Although the numbers in Paphos and Limassol fell by 4% and 2% respectively, they rose in the remaining three districts. Property ales in Larnaca rose by 57%, while those in Famagusta and Nicosia (the capital) rose by 39% and 37% respectively.

Annual sales The total number of property sales during 2019 was the highest on record since 2008 (when 14,667 properties were sold) with sales rising in all districts. In percentage terms, Nicosia saw the largest increase with sales up 44%. In equal second place were Larnaca and Paphos, where annual sales rose by 17%. Meanwhile sales in Limassol and Famagusta rose by 3% and 2% respectively. Looking at the actual number of properties sold in each district, Limassol came in first place with the total number of properties sold reaching 3,517. Paphos came in second with 2,630 sales, with Nicosia in third place with 1,998 sales, Larnaca in fourth with 1,568 sales and finally Famagusta with 653 sales.

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