Insider Economy Property sales in Cyprus in Jan 2020 again dominated by non-EU nationals

Property sales in Cyprus in Jan 2020 again dominated by non-EU nationals

For yet another month,  foreign property buyers in Cyprus from outside the EU outnumbered those originating from the bloc, according to Land Registry data for January 2020.

Specifically, the first month of the new year recorded a total of 325 sales documents submitted by foreigners to the Land Registry. Most were by third country national, in fact, twice as many as those submitted by nationals from EU countries.

Specifically, 104 sales documents were filed by nationals from EU countries and 221 from third country nationals.

Preference went once again to coastal cities, with Paphos being the favourite, followed closely by Limassol and Larnaca. Nicosia, the capital, remained at the bottom.

Specifically, 40 sales documents were submitted in Paphos by EU nationals and an additional 73 from third-country nationals. In the same month of 2019, a total of 56 and 101 sales documents were submitted, respectively.

A total of 28 sales documents were submitted by EU nationals in Limassol and an additional 54 by non-EU. In January 2019, 16 and 69 sales documents were submitted, respectively.

In Larnaca, a total of 71 sales documents were filed by foreigners, 21 of which concerned EU citizens and 50 non-EUnationals. Compared to the same month in 2019, 12 and 48 sales were filed respectively.

Famagusta followed with a total of 40 sales documents filed by foreign nationals, with the majority, that is 34, being third country ones. In January 2019, the total was 21 with third-country nationals buying 12 properties.

Nicosia is behind in terms of sales documents by foreigners in January 2020 with a total of 19 compared to 34 in 2019. Nonetheless, for the first time in seven years it recorded a higher number than Limassol.

Specifically, in January 2020, 197 sales documents were filed at the Nicosia District office against 180 in Limassol.


Read more:

Top Stories

Cyprus eighth from bottom in EU as far as women holding a parliamentary seat goes

Cyprus ranked eighth from the bottom in the EU with just 22% of women holding a seat in parliament in 2020, according to data...

Safeguarding public health top priority, says Cyprus President

One year after the outbreak of the coronavirus pandemic and Cyprus President Nicos Anastasiades on Sunday sent the message that top priority for his...

Police issue 214 fines in 24 hours for breach of covid measures

Police in Cyprus booked 213 citizens and a coffee-shop owner over the past 24 hours for breach of measures aiming to curb the spread...

Headmaster Lambon: The English School still a leader in education (PHOTOS)

The English School has always been an innovator with a reputation as a leader in education but the coronavirus pandemic has proved it is...

Cypriots fed up with rising corruption, insufficient measures to combat it-poll

Cypriots are fed up with rising corruption on the island and consider as insufficient measures announced by the government aiming to combat the bleak...


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...


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...