The activity of foreigners in the Cyprus property market continues to grow

In December 2012, the Department of Land Cyprus recorded another increase in real estate sales to foreigners - the number of transactions for the period increased by 48% compared with December 2011, according to online source Cyprus News, the Property . Half of the purchase and sale of property transactions by foreigners (172) in December 2012 fell on a property in Paphos. Also, foreign buyers increased activity in Famagusta, Limassol and Larnaca, Nicosia, things are less rosy - foreigners are purchased by 22% of the housing is less compared to December 2011. Recall that the number of transactions of purchase and sale of real estate by foreigners in November 2012 increased by 67% compared to 2011. The experts expect further growth in the activity of foreign buyers in the housing market in Cyprus. HomesOverseas.ru