Limassol, arguably the most cosmopolitan and vibrant coastal city in Cyprus and its environs, has become the most popular destination for overseas buyers seeking a place in the sun according to the latest monthly figures published by the island’s Lands and Surveys department.
PROPERTY sales to foreigners (non-Cypriots) continued to decline in July with numbers falling by 36% compared to the numbers sold in July 2019 and by 43% during the first seven months of 2020 compared to the same period last year according to official statistics.
The 12 percent year-on-year increase in the number of property sales in Cyprus during 2019 was attributable to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
This is the thirty-first publication of RICS’ Cyprus Property Price Index, a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and main property types.