Apartments built up a 3rd of genuine estate transactions


A third of all genuine estate transactions in Nicosia for the duration of the very first quarter of 2022 involved flats, in accordance to a report by the Council for Registration of Actual Estate Agents released on Friday.

The initially quarter noticed 1,574 serious estate transactions having area in the cash, including transfers and revenue, 536 of which involved residences.

The Nicosia Municipality, Strovolos and Lakatamia observed the lion’s share of transactions, with 105, 105 and 99 respectively.

These were being adopted by Aglantzia with 93, Latsia with 63, and Engomi with 62 actual estate transactions.

Agios Dometios noticed the fewest transactions with just 24 currently being done in the course of this time.

Meanwhile, out of all Nicosia regions, regardless of which council they fell under, Agios Demetrios in Strovolos saw the highest variety of transactions with 56.

This was adopted by Agioi Omologites with 36 and Chryseleousa with 32.

The regular value of transactions in the district of Nicosia throughout the first quarter was €158,703.

“The Council for Registration of Actual Estate Brokers will proceed to often publish its findings in order to raise transparency and offer useful details to buyers,” council president Marinos Kineyirou stated.

“Given that the demand for flats in the cash is continually rising, we consider that this info will assist all involved, professionals and non-industry experts, to have a additional total watch of the predicament in the market,” he added.