According to data from the Lands and Surveys Department, 1296 applications were submitted in June, nearly twice as many as May (626) and more than in February (1216). A total of 4859 applications have been submitted with the Department since the start of 2020.
A recovery in property sales was recorded in all districts as follows:
Nicosia: 471 property sales in June compared to 181 in May. Sales for the year have reached 1476.
Limassol: 335 property sales in June compared to 343 in February. Registrations with the Lands and Surveys Department for the year are now at 1320.
Larnaca: 189 property sales in June compared to 88 in May. Sales for the year are at 832.
Famagusta: 73 sales in June compared to 33 in May. A total of 281 sales have been recorded since the start of the year.
Paphos: 228 registrations in June, up from 142 in May. A total of 950 sales have been recorded since the start of the year.
Source: In-Cyprus
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Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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