Real estate sales were reduced by 34% during the period January-August 2020 on a nationwide scale compared to the corresponding period of 2019.
According to the data of the Department of Lands and Surveys, the number of sales documents amounted to 4,658 compared to 7,044 in the period January - August 2019. Regarding the month of August on a nationwide basis, the sales of sales documents amounted to 561 compared to 588 in August 2019, reduced by 5%.
It is worth noting that in terms of data by province, in Nicosia there was a significant increase of 50% in the filing of sales documents in August as the number of sales documents rose to 157 compared to 103 in August 2019. In what In the eight months, sales amounted to 1,230, recording a decrease of 4% compared to the corresponding period of 2019.
In the province of Limassol, sales documents amounted to 193 in August 2020 compared to 196 in the corresponding period of 2019, recording a decrease of 2%. In the first eight months of 2020, sales amounted to 1,381, reduced by 44% compared to 2019.
There was a 6% decrease in sales documents in Larnaca in August, which amounted to 87 compared to 93 in the corresponding period of 2019. In Paphos, a 49% decrease was recorded in sales documents as property sales rose to 85 in August compared to 166 in the corresponding period. period of 2019.
For the area of the free area of Famagusta, 39 properties were sold compared to 30 in the month of August 2019, with the sales documents showing an increase of 30%.