Property transactions up 8% in September 2017

The number of property transactions rose 8% in September, to 602, compared to the respective month of 2016, the land registry said.

The increase reflected a rise in sales in Paphos and Famagusta where the number of properties that changed owners rose an annual 17%, to 148, and 78%, to 57, the department said in a statement on its website. The number of property transactions in Nicosia rose 7%, to 87, and in Limassol 4% to, 203.

In Larnaca, property transactions dropped 12%, to 107, the department said.

The number of property transactions in the first nine months of the year rose 19%, to 5,523 compared to the respective period last year, the land department said. The above figures include debt-to-asset swap deals struck as part of loan restructurings.

Source: Cyprus Mail

Cyprus Profile

articles | 03 October 2017