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Paphos district Paphos district

Leptos: Paphos, Cyprus Remains the Top in Overseas Property Buyers

The area of Paphos,has once again come out on top for attracting the majority of European and Non-European buyers and entrepreneurs for 2019.

The cosmopolitan town of Paphos and the entire picturesque province is the safest and most secure area on the Island, where one can live, work and holiday.

Paphos had the lead in purchase contracts to overseas buyers, especially from Europe, for the whole of 2019 by 42,1 percent in comparison to Limassol which follows with 26,7 percent. Larnaca is third with 16,5 percent and lastly Famagusta with 8,2 percent and Nicosia with just 6,5 percent.

Over the course of 2019, a total of 4482 property sale contracts were signed by overseas buyers, with 1529 deposited by EU nationals and 2953 by non-EU nationals.

At the same time, during the same period, the total number of contracts to overseas buyers has risen 7,5 percent compared to the ones signed during the corresponding period of 2018.

The annual property sales in Cyprus during 2019 hit 11 year high and have reached 10,366; the highest number recorded since 2008 (when 14,667 properties were sold) with sales rising in all districts.