12.05.2022
Auctions of confiscated properties have resumed after a two-year freeze imposed by the authorities due to the effects of the COVID-19 pandemic, with 800 auctions scheduled for the coming weeks.
According to the database of the Ministry of Internal Affairs, most of the objects sold under the hammer are agricultural land that was previously put up for auction, but did not arouse interest. However, this time the houses and plots appeared in the lists of auctioneers.
Between May 9 and June 30, about 800 auctions were held, 266 of which concerned real estate in Nicosia.
There will be 171 auctions in the Larnaca area, followed by the Limassol area with 165 auctions and 140 and 67 property auctions in Paphos and Famagusta.
Auctions are not always successful as available items keep reappearing.
Of the 266 auctions in Nicosia, 200 concern agricultural fields, and the list also includes apartment buildings, apartments, shops, houses and industrial buildings. A coffee shop in Kaymakli is also listed.
There are five apartments for sale located in the area of Agios Omologites, Aglantzia, Lakatamia, Strovolos and Trypiotis.
Also, about 30 land plots and 25 houses go under the hammer.
Of the 165 auctions scheduled for the sale of property in Limassol, 92 are for agricultural land, 12 apartments in the tourist area of Agios Tychonas and two in Mouttagiaka.
There are 24 houses in different areas such as Agios Athanasios, Germasogeia, Agia Fyla, Mesa Itonia, Kato Polemidia, Pissouri, Chandria, as well as shops and offices in Katholiki, Ayia Napa, Limassol. It also includes a reception center at Paramythos.
Larnaca has a long list of 171 properties to be auctioned in the coming weeks, including 106 agricultural fields, 12 houses, 12 plots, 10 apartments, four buildings and three shops.
The list also includes a two-storey house in Chrysopolitissa and another two-storey house in the municipality of Aradippou.
Several apartments and shops in the center of Larnaca, Agios Nikolaos and Chrysopolitissa are also included in the list.
An industrial building in Agios Nikolaos and one in Aradippou are being affected.
About 80 of the 140 auctions to be held in Paphos are for agricultural land, with houses in Peyia, Anavargo and Anarita up for sale.
More than half of the auctions, 49 out of 67 held in Famagusta, are related to agricultural land, but sometimes houses and apartments appear in Ayia Napa or Paralimni.
