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25th February 2024
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HomeNewsCyprus real estate market sees 3,534 transfers worth €517.3 million

Cyprus real estate market sees 3,534 transfers worth €517.3 million

On Friday, the Cyprus Real Estate Agents Registration Council said that the local property market performed robustly during the fourth quarter of 2023, despite inflationary pressures, high interest rates, and soaring property prices.

According to the comparative property sales data compiled and presented in the council’s quarterly property market update bulletin, a total of 3,534 property transfers were concluded during the fourth quarter of the previous year. The property transfers had a total value of €517.3 million.

What is more, the council noted that 2,907 sales documents were deposited, amounting to €913.6 million in total.

Looking at each district, the report showed that:

Nicosia saw a total of 1,139 property transfers being recorded, with a total value of €150.4 million. The majority of transactions, the council noted, involved fields (483) and plots (262).

Limassol followed closely with 916 total