Wednesday, July 26, 2017

Property sales are on the rise. 26 percent growth for foreigners


The property market has witnessed an improvement in the number of recorded sales transactions during the first half of the year compared to the same period of 2016, according to figures released by the Real Estate Registry.

The number of property sales transactions increased 12 percent to 33,584 with a combined value of $4.5 billion, also up 12 percent. The value per transaction averaged $134,000, almost unchanged from the same period last year. This indicates that property selling prices...

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