03.12.2021
Property sales jumped in the month to the end of 2021. There were expectations that the year would end with positive growth in real estate.
Sales rose 59% in November 2021, reaching 1,149 from 723 in November last year, according to the Department of Lands and Land Management.
As for the period from January to November 2021, an increase of 25% was recorded: 9,063 trade documents compared to 7,231 in the corresponding period last year.
The biggest share fell on Limassol and Nicosia
The first place with a share of 31.4% was retained in November 2021 by Limassol, with 361 sales compared to 227 in November 2020 and having an increase of 59%.
In the first eleven months of the year, sales documents in Limassol increased by 28%, reaching 2,886 compared to 2,263 in the same period of 2020.
Property sales in Nicosia rose by 39% in November. They rose to 302 compared to 217 in the same month of 2020. In the eleven months of 2021, a 34% increase was recorded: 2,517 sales documents compared to 1,877 last month for the corresponding period last year.
Growth
The number of property sales in Paphos increased by 77% to 203 in November this year, compared to 115 in November 2020. For the period January to November 2021, sales documents totaled 1,573 compared to 1,406 in the corresponding period of 2020, representing a 12% increase.
In addition, sales in Larnaca rose by 75% in November, reaching 198 compared to 113 in the same month of 2020.At the same time, sales documents from January to November 2021 rose to 1,475 from 1,164 in the same period last year, an increase of 27%.
As far as free Famagusta is concerned, there were 85 property sales registered in November this year alone, compared to 51 in the corresponding month of 2020, representing an increase of 67%. Between January and November 2021, the number of sales documents increased by 17% to 612 compared to 521 last year.
