Cyprus Property Sales On Rise

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4 September 2021 DOM LiVE
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According to the latest data released by the Department of Lands and Surveys on Friday, September 4, in August 2021, real estate sales in the country increased by 29% compared to the same month last year.

In total, 724 home sales transactions were concluded against 561 in August 2020.

However, if we compare the number of contracts registered in August 2021 with contracts received in August 2019, then property sales in Cyprus have not yet recovered to post-average levels.

Limassol became the leader in terms of the number of real estate sold in August.

There were 228 objects sold, an increase of 18%. From January to August 2021, 1901 transactions were concluded in Limassol, an annual growth rate of 38%.

In Nicosia, property sales in August 2021 increased by 14%. A total of 179 sales and purchases were concluded, up from 157 in 2020. From January to August 2021, 1,761 contracts were registered in the capital, with an annual increase of 42%.

In Larnaca, 130 real estate sales and purchases were registered, up from 87 in the corresponding period of 2020, an increase of 49%. From January to August 2021, 973 housing transactions were registered in the city.

In the controlled areas of Famagusta in August 2021, real estate sales increased by 33%, a total of 52 properties were sold against 39 a year earlier. From January to August 2021, 415 purchase and sale transactions were concluded in the free areas of Famagusta against 331 for the same period in 2020, an increase of 25%.

In Paphos, 135 properties were sold in August, up from 85 in 2020, up 59%. In total, in the first 8 months of 2021, 1,039 transactions were concluded in the city, which is 12% more than in the same period last year.

A total of 6,089 properties were sold in Cyprus from January to August 2021, compared to 7,044 compared to the same period in 2019. However, sales this year surpassed the 2018 figure of 6,019.

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If you are looking for a property in Cyprus, then contact the DOM Real Estate portal. The website contains a large selection of real estate objects - residential and commercial. Experienced agency specialists will be happy to help you make the right choice.
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