articles | 02 September 2018

Real estate transactions up 14% in August 2018

The number of property transactions rose in August 2018 an annual 14% to 653 mainly on a strong performance of the property market in Limassol, the Department of Lands and Surveys said

The number of properties that changed owner in the Limassol district rose 30% last month to 262 compared to August 2017. In Nicosia, they rose 20% to 91 while in Larnaca and Famagusta they rose 7% and 6% to 94 and 50 respectively. In Paphos, they fell 3% to 156.

In January to August, the total number of properties that changed hands rose 22% to 6,019 compared to the respective period last year, the department said.

Source: Cyprus Mail

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