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

128 new cases, three deaths announced on Wednesday

The Health Ministry announced the death of three persons due to COVID-19. This raises the death toll from the virus in Cyprus to 193,...

Where to get antigen rapid tests during period 28-31 January

The Health Ministry announced the following antigen rapid test sites during the period 28-31 January 2021: LIMASSOL Church of Agios Ioannis Eleimon, Limassol 08:30-18:30 Cultural Center Mesa...

Israel, Denmark to vaccinate all athletes for Tokyo Olympic Games

Several countries, including Israel and Denmark, said on Wednesday they would vaccinate their athletes and staff against COVID-19 ahead of the Tokyo Olympics, amid...

UK AstraZeneca vaccine plant partially evacuated over suspect package

A factory in Wales that produces AstraZeneca's COVID-19 vaccine was partially evacuated on Wednesday after it received a suspicious package and police said a...

43-year-old arrested for speeding

Members of the Police arrested this morning a 43-year-old man who was seen speeding at the Nicosia-Larnaca road near Koshi village. The man was stopped...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...