The number of property sales in Nicosia rose 30%, to 153 compared to the respective month of 2017, while in the district of Famagusta they rose 108%, to 79, the Department of Lands and Surveys said in a statement.

The number of property transactions in Paphos increased 10%, to 201, compared to a year before, it added. In Limassol, the real estate market’s hub in the post-crisis years, and in Larnaca, the number of properties that switched owners fell 5%, to 282, and 5%, to 113 respectively.

The decline in property transactions in Limassol, is the first since February last year.

In the first five months of the year, the number of property transactions rose 31%, to 3,612 compared to the respective period last year, the department said.

Source: Cyprus Mail