Famagusta: 72% highest growth in sale contracts


Famagusta has recorded the highest annual growth in number of sales contracts during the first half of the year (2018) with 72%, followed by Nicosia with 34%.

Limassol came to the third place with the percentage of 24%, followed by Paphos with 15% and in the last place comes Larnaca with 10% growth in sales contracts.

As Mr. Constantinos Savvides, director of PwC’s real Estate Advisory department said: “We are not talking about only an increase in absolute numbers, but also of an increase in the value of projects for which licenses have been issued in the first six months of the year which amounts to EUR 750 million. In the same period in 2017, projects obtaining licenses were

worth EUR 650 million.”

It is worth mentioning that the above statistics are officially presented by the Department of Lands and Surveys (DLS).

 Source: Cyprus Property News, Department of Lands and Surveys

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