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Sharp rise in property sales in February
March 12, 2019
DURING February 2019, the number of property sales contracts deposited at Land Registry office across the Republic of Cyprus rose 25% compared to February 2018 according to official figures published by the Department of Lands and Surveys.
Apart from a 48% fall in sales in December 2018 due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number of property sales has increased for the past 22 months.
February 2019 saw a total of 834 contracts deposited at Land Registry offices for the sale of commercial and residential properties and land compared with 666 in February 2018.