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One in three property sales to non-EU buyers
August 17, 2018
There has been a steady increase in property sales and in the number of properties sold to foreign buyers, Philenews reported on Thursday.
It said that the latest figures from the Land and Surveys Department show that a total number of 5,366 sales contracts were submitted in the first seven months of the year, up 23% over the same period the previous year. Sales to foreign buyers stood at 2613 or 48.7%.
One in three sales involved non EU-residents. Paphos attracted the most attention, followed by Limassol, Larnaca and Famagusta. There was limited interest in Nicosia from foreign buyers.