Cyprus Property Sales Up 59% In November 2021

Продажи недвижимости на Кипре в ноябре 2021 года выросли на 59%
3 December 2021 DOM LiVE
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The Cyprus real estate market continues to recover actively.

According to data published by the Department of Lands and Surveys on Friday, December 3, real estate sales in Cyprus increased in November by 59% compared to the same month last year.

In total, 1,149 contracts for the purchase and sale of residential and commercial real estate, as well as land plots, were concluded. By the way, in November 2020, this figure was equal to 723.

In turn, over the eleven months of 2021, the number of transactions in the country increased by 25% compared to the corresponding period of 2020. From January to November 2021, 9,063 purchase and sale agreements were concluded in Cyprus, compared to 7,231 a year earlier.

Продажи недвижимости на Кипре в ноябре 2021 года выросли на 59%

As for housing sales in the island's cities, Limassol and Nicosia became the leaders.

In Limassol, 361 properties were sold in November (31.4% of total sales) compared to 227 in November 2020. The increase was 59%.

In Nicosia, 302 properties were sold in November, compared to 217 in the same month of 2020. The increase was 39%. From January to November, 2,517 purchase and sale transactions were concluded in the capital compared to 1,877 in the corresponding period last year.

In Paphos, 203 properties were sold in November, compared with 115 in the corresponding month of 2020. The increase was 77%. From January to November, 1,573 purchase and sale transactions were concluded in the capital compared to 1,406 in 2020.

In Larnaca, 198 properties were sold in November compared to 113 in 2020 (+75%). And from January to November 2021 - 1,475 housing units, which is 27% more than in the same period of 2020, when 1,164 transactions were registered.

Finally, in the controlled areas of Famagusta, 85 properties were sold in November 2021, compared with 51 in 2020 (+67%). From January to November, 612 purchase and sale transactions were concluded here (+17%) compared to 521 in the corresponding period last year.

Продажи недвижимости на Кипре в ноябре 2021 года выросли на 59%

If you are looking for a property in Cyprus, then contact DOM. The website has a large selection of real estate - residential and commercial. Experienced agency specialists will be happy to help you make the right choice.
Source: inbusinessnews.reporter.com.cy
Photos: pixabay.com
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