News Local Half of property sales to non-Cypriots

Half of property sales to non-Cypriots

Nearly one in two property sales in the first 11 months of 2018 were to non-Cypriots, according to Land and Surveys Department figures analysed by Insider.

It said that of the 8442 sales contracts deposited at the Department in the period of January to November, 4017 were by non-Cypriots.

Of the 4017 contracts deposited by non-Cypriots, 1293 were by EU citizens and 2724 by third country nationals.

This means 47.5% of sales contracts were submitted by non-Cypriots and 32% by third country nationals.

As regards sales contracts deposited by third country nationals,  963 were in the Limassol district followed by Paphos with 913. Larnaca had the third largest number with 511. The free Famagusta district had 225 and Nicosia 112.

As regards EU citizens, Paphos had the biggest number of sales contracts with 681.

Overall, for the period January to November 2018, Limassol once again had the biggest number of sales contracts with 3121, up 18% from 2635 in the corresponding period last year.

Islandwide the annual increase is 17% .

Top Stories

Mourners gather in Minneapolis to remember George Floyd

George Floyd's daughter Gianna, 6, arrives with her mother Roxie Washington to attend the funeral of her father.

‘Get your knee off our necks,’ activist Sharpton tells Floyd memorial

  Prominent civil rights activist the Rev. Al Sharpton told mourners on Thursday George Floyd's fatal encounter with police and the nationwide protests his death...

Strict measures against spread of Covid-19 in Cyprus yielded results

    Cyprus took timely and strict measures against the spread of the coronavirus outbreak and these measures bore fruit, Minister of Justice and Public Order...

Fine today, hot long weekend ahead

  Today will be sunny, with temperatures set to rise from tomorrow making for a long weekend with above average temperatures. In its early morning weather...

Police investigating theft of €47,000 from Paphos home

  Paphos police are investigating the theft of €47,000 in cash from a holiday home while the owners were abroad, the Cyprus News Agency reports. It...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...