ACCORDING to the Land Registry figures published earlier today, the number of contracts of sale deposited at Land Registries throughout Cyprus on behalf of overseas buyers during November was 179 compared to 191 in October and 158 in November 2009.
Last month, property sales in the Districts of Paphos and Limassol did well, while sales fell back in Larnaca, Famagusta and Nicosia.
The best performing District was Paphos, where overseas sales during November went up 58% compared to last year, followed by a 26% increase in Limassol.
However, overseas sales in the other Districts fell. In Larnaca they were down 23%, in Famagusta they were down 4%, while sales in Nicosia fell 3% compared to November last year.
Nationally, the number of properties sold to overseas buyers during the first 11 months of 2010 was 1,772; up 8% on the 1,638 sold during the same period last year.
Although it is too soon to talk about a recovery in Cyprus’ overseas property market, there are definite signs of an improvement.