Best eight months for real estate since 2008

According to official figures from the Department of Lands & Surveys, 972 real estate sale contracts were deposited at Land Registry offices in August compared with 724 during August last year; an increase of 34%.

The first eight months of 2022 have been the best eight-month period for the property market since 2008 (when 11,088 sales contracts were deposited in the first eight months.)

With the exception of Famagusta, where property sales fell by 17% in August, sales rose in the remaining four districts.

Limassol saw the greatest number of sales followed by Paphos, Nicosia, Larnaca and Famagusta.

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