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.
From 205,000 €
Completion in: 2027.II Total of 105 apartments
From 520,000 €
Built in 2022 64 units in total
From 800,000 €
Built in 2025 67 units in total
From 320,000 €
Completion in: 2028.IV Total of 88 apartments
From 845,000 €
Completion in: 2027.I Total of 330 apartments
From 545,000 €
Completion in: 2026.IV Total of 24 apartments
From 510,000 €
Completion in: 2026.IV Total of 44 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
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