The fall relative to the indicators of 2017 was noted only in December 2018, but experts largely associate it with the overestimated sales volumes in December 2017, which was caused by the announcement of the introduction of a new VAT rate.
In 2018, almost 39% of transactions were concluded with foreign investors from the EU. Paphos and Limassol were the most popular. Foreigners bought 103% more residential real estate in the 1-3 quarters of last year than a year earlier.
Experts also note an 8% increase in the number of issued construction permits in the first half of the year. The cost of new facilities has also grown significantly, by almost 20%.
