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25th February 2024
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HomeSalesSales to non-EU citizens reach one third of total sales

Sales to non-EU citizens reach one third of total sales

During August, one third of all property sales in Cyprus (as assessed by the number of contracts deposited at Land Registry offices) were purchased by non-EU citizens, according to official statistics published by the Department of Lands and Surveys.

Market segment analysis

Property sales to non-EU citizens

Sales to non-EU Nationals rose 34% compared to August 2022 and accounted for 30% of the total number of sales achieved during the month.

Although sales in Limassol fell by 15%, they rose in the remaining four districts.

Paphos recorded the highest number of sales, followed by Larnaca, Limassol, Famagusta, and Nicosia.