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Cyprus Property sales improving, is now the time to buy?

Throughout Cyprus property sales improving are greater for the third consecutive month throughout May having solid Cyprus property sales recorded in most districts in comparison with May 2013 results of the land & surveys departments.

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 CYPRUS PROPERTY sales improving throughout May possibly recorded a strong expansion in comparison with May 2013 as outlined by results published through the Lands & Surveys department promoting trust that the Cyprus property residence market may be on the upturn.

Through May the Cyprus property sales improving increased an overall of 551 contracts for purchase of professional, non-commercial and residential houses and plots ended up deposited with Area land Registry offices in Cyprus;

A rise of 157% for the 214 contracts deposited through the similar time this past year.

Of 551 contracts 72% (398) ended up deposited for domestic consumers, whilst 28% (153) ended up deposited in favour of other country residents.

Sales in most districts built significantly in percentage phrases, Nicosia led this area having gross sales escalating by means of 388% to achieve 117 compared to what was sold throughout May 2013.

Sales throughout Famagusta went up 327% and gross sales throughout Limassol greater by 157%, whilst gross sales throughout Paphos and Larnaca were greater by means of 121% and 57% respectively.

Entire gross sales through the first 5 months of 2014 are greater by 20% compared with the identical time this past year.

Cyprus Property sales improving towards the overseas market performed very strongly with sales more than doubling in May when compared with May a year ago climbing to 153  from 71; sales have been upwards in all the Republic of Cyprus Locations.

In growth percentage terms, Nicosia brought about the highest Cyprus property sales improving 800% to achieve 27 compared with May 2013 that was 3. Cyprus property sales in Larnaca elevated 140% to achieve 24 against the 10 sold a year ago.

Growth in Limassol increased 106%, though sales with Famagusta and Paphos increased by 80% and 60% respectively.

During the first five months connected with 2014, Cyprus Property sales improving towards the overseas residents are up 15% when compared to very same time a year ago having elevated to 503 from 439.

 

 

 

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