Aug 29, 2019

Sale Contracts Growth



Transaction activity in terms of sale contracts demonstrated a further growth in 2018, albeit easing relative to the annual increases observed during the period 2015- 2017. The total number of sale contracts filed at the DLS during 2018 reached a 9-year high of 9.242. On an annual basis, contracts of sale for real estate increased by 6% (2017: 8.734). Interest from foreign buyers (predominantly non-EU) continues to be the key driving force of specific segments of the market and is mainly fuelled by the continuation of the government’s schemes encouraging direct investments in Cyprus.