Property sales in Cyprus increased to € 2 billion

Property sales in Cyprus increased to € 2 billion

In 2012, sales of real estate in Cyprus reached € 1.9 billion (10,846 transactions), and in the fourth quarter of 2012 - € 571 million, according to Cyprus Property News, referring to the Department of Land and appraisers. These figures refer only to "voluntary sales" of property in Cyprus (without the participation of banks and auctions).

Furthermore, in 2012, the total value of the so-called "forced sale" of real estate (in the auction) was only € 10.2 million (184 deals).

The most active foreign investors in Cyprus in 2012 were citizens of Russia and China.