07.05.2022
A third of all real estate transactions in Nicosia in the first quarter of 2022 involved apartments, according to a report from the Real Estate Agents Registration Board released on Friday.
In the first quarter, 1,574 real estate transactions, including transfers and sales, were made in the capital, 536 of which concerned apartments.
The lion’s share of transactions falls on the municipality of Nicosia, Strovolos and Lakatamia: 105, 105 and 99 respectively.
They were followed by Aglantzia with 93 transactions, Latsia with 63 transactions and Engomi with 62 real estate transactions.
The smallest number of transactions in Agios Dometios was made during this time: only 24.
Meanwhile, of all the districts in Nicosia, regardless of which council they fell under, Agios Dimitrios in Strovolos had the highest number of transactions at 56.
He was followed by Agioi Omologites with 36 and Chryseleus with 32.
The average value of transactions in the Nicosia area in the first quarter was 158,703 euros.
“The Real Estate Agents Registration Board will continue to publish its findings regularly to increase transparency and provide buyers with useful information,” said Board President Marinos Kineiro.
“Given that the demand for apartments in the capital is constantly growing, we believe that this data will help all those involved, professionals and non-professionals, to have a better understanding of the market situation,” he added.
Cyprus and Greece will explore common business and investment opportunities as well as opportunities for synergy and joint initiatives at a conference to be held in Athens on Saturday.
The Cyprus Business Summit is held under the auspices of the Ministries of Finance of Cyprus and Greece, the Deputy Ministries of Tourism of both countries, the Hellenic Federation of Enterprises (Sev) and the Cyprus Federation of Employers and Industrialists (Oev).
The summit will be structured around four main categories, each of which will include a series of workshops and talks.
These include technology and public administration, tourism, the maritime and shipping industries, and investment and fiscal policy.
Finally, officials from both countries who attended the summit will also sign a series of Memorandums of Understanding (MoUs).
The Cyprus Stock Exchange (CSE) ended Friday, May 6, with losses.
The main Cyprus stock market index stood at 68.77 points at 13:00 during the day, reflecting a 1.04% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 41.34 points, down 1.05% from the previous trading day.
The total transaction value was 86,929 euros.
As for the sub-indices, the main and alternative indexes decreased by 0.93% and 0.76%, respectively.
Indices of investment companies and hotels remained stable.
Bank of Cyprus (-0.95%), Cyprus Cement Company (-4.69%), Logicom (-0.51%), Petrolina (no change) and Hellenic Bank (no change) attracted the highest investment interest.
