A TOTAL of 94 contracts of sale in favour of foreign buyers were deposited at Land Registries throughout Cyprus in January 2010, compared to 131 in January 2009 according to figures released today by the Department of Lands and Surveys; a drop of 28% compared to last year.
Sales in Nicosia bucked the trend, increasing by 125%. However, sales in all but one of the areas favoured by expatriate retirees and holidaymakers fell. Sales in Larnaca were down 46%, in Paphos they fell by 45%, and in Limassol they were down by 35%. Famagusta managed to maintain the same level of sales as last year (12).
