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Living in Cyprus
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Written by www.opp.org.uk
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The Cyprus property market has finally received some good news as property sales in rose by 24% year-on-year in January.
A report from the Cyprus Department of Lands and Surveys showed that 570 sale contracts were deposited at Land Registries in Cyprus last month, compared to 458 in January 2009. The most popular destination was Nicosia with 169 sales, followed by Limassol with 151 and Paphos with 113.
The total number of contracts was still 65% below those seen in January 2008. Sales fell by 84% for the whole of 2009 compared with the peak year of 2007. |
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