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Recent News |
INCREASE IN DOMESTIC PROPERTY SALES
The latest figures which were published by the Department of Lands and Surveys show that domestic sales of property in Cyprus during the first 7 months of the year 2010 have increased by 21% compared to the same period last year, where as sales to overseas buyers have decreased by 0.3%.
Cypriot buyers deposited 630 contracts of sale at Land Registries throughout Cyprus during July 2010 compared to the 652 deposited during July 2009; a fall of 3.4 percent. But despite this decline in July, domestic demand during the first 7 months of this year has increased by 21% over the same period last year with 4,100 contracts being deposited this year compared to the 3,396 deposited last year.
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