Most Popular Areas In Larnaca For Buying Property

Названы самые популярные районы для покупки недвижимости в Ларнаке
13 January 2022 Liza Medvetskaya
1750

Independent real estate asset management and advisory firm Wire-FS has published another report on real estate sales in Cyprus. This time, experts analyzed the number of housing transactions in Larnaca over the past five years.

Based on recent data, the most popular municipalities for buying housing in the districts were Larnaca, Aradippou and Livadia. The volume of transactions concluded in them exceeded the mark of 9600 objects, and the amount – 1.6 billion euros.

At the same time, the municipality of Larnaca accounted for 30% of the total sales or 6,000 transactions worth 1.1 billion euros.

The average selling price of real estate in the municipality of Larnaca was 105,740 euros, and the average range of real estate prices is from 69,000 to 170,000 euros. The majority of sales in the municipality were registered in 2019 – 1,378. The cost of the overwhelming number of transactions (about 5,000) did not exceed the amount of 225,000 euros. The price of the most expensive property was 13.2 million euros.

In the municipality of Aradippou, the volume of real estate sales during the reporting period exceeded 300 million euros, and the number of transactions reached 2,400.

The average selling price of real estate here was 103,108 euros, and the average range of housing prices is from 54,811 to 173,573 euros. The majority of purchase and sale transactions in the municipality were registered in 2019 - 521. The cost of the overwhelming number of transactions (1,700) did not exceed the amount of 224,000 euros. The price of the most expensive property sold in this municipality was 4.4 million euros.

In the municipality of Livadia, the total value of the sale of real estate exceeded 200 million euros, and the number of transactions amounted to 1200.

The average selling price of housing in this area was 110,000 euros, and property prices ranged from 71,122 to 222,667 euros. The largest number of housing purchase and sale transactions in the municipality was closed in 2021 - 221. The vast majority of transactions were in the amount of 59,000 to 169,000 euros. The price of the most expensive property sold in this municipality was 2 million euros.

Earlier, Wire-FS published a similar report on Limassol, Nicosia and Paphos.

Названы самые популярные районы для покупки недвижимости в Ларнаке

Interested in housing in Larnaca?Contact the experienced specialists of the DOM real estate agency by phone +357 24030062, or come to the address: Gregoriou Afxentiou 7, Larnaca, 6023, Cyprus. Here you will always be provided with competent advice and help with renting or buying and selling your home.
Source: inbusinessnews.reporter.com.cy
Photos: pixabay.com
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