The increase in property transactions last month reflects an increase in all districts with the exception of Larnaca where they fell an annual 16 per, cent to 103, the department said in a statement on its website. It was Larnaca’s second consecutive drop and the fifth this year.

Property transactions increased an annual 22% last month in both Nicosia and Limassol to 124 and 269 respectively, 20% in Paphos to 184 and 119% in the Famagusta district to 59, the department said.

In January to July, total transactions, which include also properties acquired by banks as part of loan restructuring agreements, rose 20% to4,349 compared to the respective period last year, the land department said.

Nicosia was up 23%, Limassol 31%, Famagusta 20% and Paphos 27%, while Larnaca was down 10%, the department said.

Source: Cyprus Mail