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Property Sales in February 2020

Property Sales in February 2020

According to the latest published statistics on Cyprus real estate sales in February, foreigners acquired in total 337 properties, i.e. 13% less than in the same month of 2019.

EU citizens are interested in such areas of Cyprus as Famagusta, Limassol and Larnaca, where real estate sales grew by 133%, 20% and 8%, respectively. Most third-country nationals, similar to Europeans, purchased properties in Famagusta and Larnaca. However, in Limassol, demand among this category of buyers decreased by 24%.

In the first two months of 2020, sales to EU citizens fell by 1% compared to the same period last year, whereas, non-EU buyers demand for Cyprus property decreased by 15%.