Actual estate product sales approached €1.3 billion

The worth of actual estate profits throughout Cyprus during the first quarter of 2022 attained pretty much €1.3 billion, in accordance to formal knowledge from the Office of Lands & Surveys.

Commenting on the figures, the Real Estate Registration Council (SEK) mentioned that the Land Registry information reflect the dynamic momentum of the genuine estate sector.

According to the Land Registry figures a total of 5,258 genuine estate profits were being attained in the first quarter of 2022 with a total worth of €1,272,553,880. Commenting on the figures, SEK mentioned: “As expected, Limassol and Nicosia had the lion’s share, whilst the other districts are moving very positively.

“The figures show there’s great interest in the acquisition of land, as agricultural fields and setting up plots, quite possibly as an choice source of expense.

“The figures also reveal an rising desire for residences in all districts with the exception Paphos where residences ended up extra well-known.”

Nicosia recorded a complete of 1,574 revenue, with a total benefit of €313,076,363. The greatest quantity of transactions related to residences (536) and agricultural fields (472).

Limassol recorded the optimum selection of revenue (1,581) and the optimum value of €573,192,094 of all the districts. Particular desire was recorded for agricultural fields (688) and building plots (439).

Paphos gross sales in the very first quarter arrived at 887 with a overall benefit of €186,819,085. SEC commented that “It is noteworthy that Paphos recorded the maximum amount of residence revenue (247) of all the districts.”

Larnaca income amounted to 958 with a overall value of €145,264,178.

Famagusta recorded 258 sale transactions with a whole price of €54,202,160 with fascination getting focused on agricultural fields (162).

Authentic Estate Market place Prospectus

The Greek language Phileleftheros stories that the comparative genuine estate income information has been processed and presented in the 1st quarterly “Real Estate Industry Prospectus” of the Actual Estate Registration Council. It delivers a chart of the gross sales realized in each district, which is presented underneath.

Nicosia Limassol Paphos Larnaca Famagusta
Houses 108 55 247 45 22
Flats 536 164 232 179 47
Plots 269 439 154 477 18
Fields 472 688 282 255 162
Places of work 22 14 2 3
Outlets 15 28 5 18 1
Land 72 107 36 50 2