04.10.2022
September sales were up 27% compared to the corresponding month of 2021, and total sales documents for the first half of 2022 were up 37%.
According to the Department of Lands and Surveys, total real estate sales in September this year were 1,157 compared to 914 last September, with first-month sales reaching 9,610 compared to 7,003 in the corresponding period last year.
Impressive climb in Paphos
Limassol maintains the lead of the Cypriot property market with 398 sales in September 2022 compared to 320 in September 2021, representing an increase of 24%.
For the period January to September 2022, Limassol has 3,315 sales documents compared to 2,221 for the same period in 2021, representing an increase of 49%.
Paphos also continues to develop dynamically, with 240 sales in September this year compared to 161 in September last year, an increase of 49%, while in the first nine months of the year, sales documents amounted to 2028 compared to 1200 in the previous year. the same period in 2021, which means an increase of 49%. 69%.
Nicosia has the smallest growth
In Larnaca, real estate sales in September rose by 41% to 226 compared to 160 in the corresponding month of the previous year. In the first nine months of 2022, sales documents totaled 1,734 compared to 1,133 in the corresponding period of the previous year, an increase of 53%.
The lowest growth rate, only 4%, was recorded in Nicosia, both in September and in January-September.
Specifically, sales documents in Nicosia this September were 215 (up from 207 last September) and nine-month 2022 sales documents were 2,043 compared to 1968 for the same period in 2021.
In Free Famagusta, property sales in September 2022 reached 78 compared to 66 in the corresponding month of 2021, an increase of 18%, while they remained about the same in the first half of the year, reaching 490.
