Island wide, sales to non-Cypriots numbered 1,413 between January and August, a 44% increase on last year’s figure. This also means that non-Cypriot buyers make up around one third of the 4,921 total.

Between January and August this year, 529 sales documents connected to non-Cypriot buyers were submitted to the Land Registry Department for Paphos alone, a 57.4% increase on last year’s 336 over the same period.

In Limassol, the figures stands at 467 compared to 312 over the same period in 2016, constituting a 49.7% rise.

Limassol had more sales overall (to Cypriots and non-Cypriots) with documentation connected to 1,805 submitted compared to Paphos’ 1,243.

In Nicosia, non-Cypriot buyers numbered 87 between January and August, amongst 784 buyers overall. The number of foreign buyers in the capital rose by 13.5% while there was a 23% increase on overall property sales.

In the Famagusta District, the 299 property sale documents submitted created a 19% increase on the first eight months of last year while there was a 59.4% increase in foreign buyers.

Property sales in Larnaca dropped overall (by 8% from 861 to 790) even though there was a 17% increase in the percentage offoreign buyers who number 228 compared to 195 over the same period last year.

Source: InCyprus