Nicosia and Limassol are the two cities with the highest number of purchased property. Specifically, Nicosia recorded 332 new mortgages in January with a total value of €78.99 million. Limassol recorded 227 mortgages with a total value of €42.27 million.

Famagusta district was a surprise in January with a total of 63 mortgages whose value was €52.77 million. All in all, 851 mortgages amounting to €212.15 million were recorded island-wide.

In February, a total of 881 mortgages worth €172.15 million were recorded in Nicosia and Limassol – €60.05 million and €51 million respectively. In Famagusta, 48 mortgages were recorded at a total value of €21.45 million, Larnaca had a total of 117 at a total value of €13.25 million, Paphos had 112 mortgages at the total value of €172.15 million.

In March, the total number of mortgages was 1,359 at the overall value of €259.93 million. Nicosia recorded 495 mortgages valued at €90.66 million, followed by Limassol with 346 worth €74.05 million. The mortgage value remained stable in April at a total of €259.37 million.

Nicosia had the lion’s share with 535 mortgages worth €97.98 million, followed by Limassol with 445 mortgages valued €70.08 million and Larnaca was third with 320 mortgages valued €44.22 million. Paphos recorded 204 mortgages worth €18.19 million and Famagusta district had 94 mortgages worth €28.88 million.

In May, total mortgages recorded were 1,602 valued at €272.46 million. Nicosia was a surprise with 658 mortgages worth €119.80 million, followed by Limassol with 376 mortgages and €69.95 million,  Larnaca came third with 276 mortgages valued at €41.10 million and then Paphos with 191 mortgages at the value of €30.30 million.

In June, the value of mortgages remained stable at €272.53 million. The total number of mortgages were 1,384. The surprise this month was Limassol with 437 mortgages worth €120.82 million. Nicosia followed with 481 mortgages worth €83.78 million.

July was the month with the highest mortgage value which reached €390.08 million with a total of 1,482 mortgages. Nicosia recorded 549 mortgages at the total value of €184.92 million, followed by Limassol with an overall mortgage value of €91.12 million.

Source: In-Cyprus