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Ruby Estates

Cyprus Properties for Sale & rent

  • Home
  • Buy
    • Properties For Sale
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News

property sales increase in Cyprus, October 2020

Cyprus Property Sales Exceed 1,000 in October

By

Ruby Estates

Posted in Cyprus Property News On 05/11/2020

October property sales rose 31% in 2020 in comparison to October 2019. A total of 1,064 contracts were deposited in October 2020 whereas 813 were deposited in the same month last year.

Limassol had the highest rise in sales, up 76% from last year, Famagusta up by 60%, Nicosia saw an increase of 24% and Paphos 5%. Sales in Larnaca fell by 4%.

Property sales on the island overall have fallen during the first 10 months of 2020 in comparison with the same period last year. They are down by 24%. The only district which has seen an increase is Nicosia which has risen by 3%.

The breakdown of property sales by district for October 2020 and 2019 is as follows:

Nicosia: Oct 2020 – 227 / Oct 2019 – 183

Limassol: Oct 2020 – 402 / Oct 2019 – 228

Larnaca: Oct 2020 – 153 / Oct 2019 – 160

Paphos: Oct 2020 – 202 / Oct 2019 – 192

Famagusta: Oct 2020 – 80 / Oct 2019 – 50

Total overall: Oct 2020 – 1,064 / Oct 2019 – 813

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