Every fourth buyer of real estate in Cyprus - a foreigner

09.11.2010 17:25
Real Estate Market Analysis | Every fourth buyer of real estate in Cyprus - a foreigner Every fourth buyer of real estate in Cyprus in the 10 months of 2010, an alien described in the materials Cypriot company Veskip Properties.

As indicated in the study, since the beginning of the year in the country is committed 7,160 real estate transactions, of which 1.593 thousand purchases made by foreigners, which is 8% more than during the same period in 2009.

"Although the total amount of purchases in Cyprus (including the purchase of Cypriots) is still low, it seems that efforts to attract foreign buyers, primarily from Russia, Arab countries and Iran are beginning to bear fruit," - noted in the materials Veskip Properties.

They indicate that in the past month the number of purchases of property in Cyprus by foreigners has increased in all areas, and the best areas on the number of transactions has Famagusta, where sales grew by 119% compared to last year.

"This trend was supported Larnaca, where sales increased by 100%, Paphos, where the increase was 61%, Limassol - an increase of 40% and finally to Nicosia, where sales were up 23% compared with October last year," - added to the study.

Content tags: Overseas property
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