The number of property transactions rose in April 2018 an annual 29% to 655 mainly on a strong performance of the real estate market in Nicosia, the Department of Lands and Surveys said.
The number of properties that changed owners in Nicosia rose last month 46% to 117 compared to April 2017, the department said in a statement on its website. The number of transactions in Limassol rose 28% to 246 while those in Larnaca rose 20% to 83. In Paphos, they rose 15% to 157.
The highest increase was reported in Famagusta district where the number of transactions rose an annual 79% last month to 52, the department said.
In January to April, the total number of transactions reported rose 38% to 2,784, the department said. The figures also include an unspecified number of properties acquired by banks as part of loan restructurings.
Source: Cyprus Mail
