Cyprus Property Market in February: Positive Outlook for the Year 2024
In February 2024, the total volume of property transactions reached 1,543, surpassing the number recorded in the preceding two years. The number of registered transactions increased by 14.6% compared to February 2023.
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
In February 2024, the value of property transactions in Cyprus exceeded 314 million euros — a 93% increase compared to February 2023.
In February 2024, the number of non-EU buyers in Cyprus exceeded the number of EU buyers by 93%, with a total of 342 individuals.
The total number of foreign property investors in Cyprus decreased by 2% compared to January 2024, but increased by 28.5% compared to February 2023.
The highest shares of transactions with foreigners were recorded in Paphos (36% of transactions), Larnaca (25%) and Limassol (23%).
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