Foreigners show double interest to Cyprus properties
The overseas buyers are taking advantage of the current situation as the Cyprus property market shows rapid improve during the past year.
Despite the decline in the number of deals in February, foreigners still made up to 50% more transactions than last year. Overseas buyers made 22 % of transactions totally.
Famagusta was the leader by the number of transactions (46%), followed by Paphos (13%), Nicosia (8%), Larnaca (7%) and Limassol (1%).