Cyprus: property deals continue to increase

In Cyprus the number of property deals rose by 8% in February 2023 compared with the same month of last year. This figure is the highest for February since 2008. According to the official data of Cyprus Land Department, sales increase every day in Cyprus. Deals include such types of property as houses, apartments, commercial real estate and land.

Cyprus real estate 8,033 listings on Tranio

From 1,360,000 €

Premium class residential complex and five-star hotel on the first line from the sea in the center of Paphos, Cyprus

Completion in: 2023.II Total of 50 apartments

From 206,000 €

Modern residence with a parking near the sea and the center of Larnaca, Cyprus

Completion in: 2024.II Total of 20 apartments

From 660,000 €

Modern high quality sea view villas in Agios Tychonas, Limassol, Cyprus

Completion in: 2023.II Total of 12 apartments

The number of sales transactions for January and February 2023 reached 2,222, which is an increase of 17% compared to the same period in 2022.

The high percentage of growing property sales was recorded in Limassol, with a 14% year-on-year increase. Paphos and Larnaca are also the most popular places to buy real estate (sales increased by 28% and 33%, respectively).

The exception is Nicosia, where sales fell by 18%.

Source: Cyprus Property News

Julia Naymushina, Contributor to Tranio All articles by this author