THE NUMBER of property sales in Cyprus during June rose 28 per cent compared to June 2016 according to official statistics published by the Department of Lands and Surveys earlier today.

This increase follows a 59% increase in May, a fall of 2% in April and a 16% increase in March.

During June a total of 843 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with the 657 deposited in June 2016.

Of those 843 contracts, 635 (75%) were deposited by Cypriot purchasers and 208 (25%) were deposited by overseas purchasers.

Although the number of sales contracts in Larnaca fell by 20%, they rose in the remaining four districts.

Sales in Nicosia (the capital) rose 65% compared to June 2016, while sales in Limassol, Famagusta and Paphos rose 37%, 35% and 28% respectively.

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