Extraordinary surge in property income carries on

Assets gross sales hit a 14 year significant in April for the fourth successive month as measured by the variety of sale contracts deposited at Land Registry places of work.

Total product sales attained 938 an raise of 13% on the April 2021 determine of 832 and the maximum April determine recorded because 2008.

Though revenue in Nicosia (the capital) fell by 3% and remained steady in Famagusta, they rose in the remaining a few districts when compared to April 2021. The maximum quantity of profits was recorded in Limassol, followed by Nicosia, Paphos, Larnaca and lastly Famagusta.

Full Residence Sale Transactions – 2021/2022 Comparison

Profits through the very first four months of 2022 arrived at 3,947 a 40% raise on the 2,817 reached in the exact same interval of 2021.