Number of contracts on property sales rises to the highest level in 6 years in March 2017

The number of sale contracts for properties in Cyprus submitted to the Land Registry department has risen to the highest level in six years in March 2017, according to information released on Tuesday by the department of Lands and Surveys.

Paphos topped the figures with an impressive 53% increase in March, the highest in the past seven years while sale contracts were down in Nicosia and Larnaca.

The number of sale contracts submitted to the Lands and Survey Department in March 2017 marked a 16% increase, reaching 626 compared to 539 in March 2016. This was the highest level in the last six years. In March 2010, the number of sale contracts submitted were 792.

The number of property transfers in March 2017 rose to 1.249 from 1.090 last March and concerned 1.491 plots that were valued at Euros 453.119.319.

Source: Cyprus News Agency