Property transactions rise 15% in June 2015

The number of property transactions island-wide reported in June 2015 to authorities rose 15% to 464 compared to the respective month of 2014, the department of lands and surveys said.

The overall increase was mainly on an annual 20% rise in real estate transactions in the district of Paphos which rose to 124 in June, more than offsetting a 3% drop to 135 of those in Limassol, the department said in a statement on its website.

The number of transactions rose in the districts of Nicosia, Larnaca and Famagusta 13%, 37% and 27% to 61, 111 and 33 respectively.

In the first six months of the year, overall property transactions rose 6% to 2,348 compared to a year before, the department said.

Source: Cyprus Mail

Cyprus Profile

articles | 06 July 2015