In 2019, the total growth of transactions in the real estate market amounted to 12%, in total over 10 thousand objects were bought and sold in a year.
Limassol remains the sales leader: it accounts for 34% of all transactions completed. These are 3,517 properties. At the same time, sales growth was, but insignificant – only 3% compared to 2018.
But in Nicosia, the capital of Cyprus, home sales rose sharply – by 24%. This means that the locals are actively interested in the capital. Foreigners prefer other areas of the island. So, Paphos remains a tidbit for the British. Sales growth amounted to 17%, and their total number – 2630 objects.
Larnaca boasts the same increase – 17%. People from Lebanon are very interested in the city and its environs.
Limassol remains a cosmopolitan city and a sales leader, but judging by the growing demand for housing in the capital, the situation may change in the coming years.