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Cyprus’ land and properties evaluated at €186 billion
July 1, 2022
The land and surveys department on Thursday published its new evaluations for January 1, 2021, covering a total of 1,660,048 properties — 25,102 or 1.5 per cent more than the 2018 survey.
The total value of the properties exceeds €186 billion, some €4 billion more than the 2018 evaluations.
Land values remain basically the same as in 2018, while the small increase in the value of buildings is attributed primarily to costlier building materials, Ellikos Elia, director of the land and surveys department told the Cyprus News Agency.
The latest evaluation covered 1,093,495 agricultural and building plots, and 566,553 units (apartments, maisonettes, shops). There were 9,091 more plots of land and 16,011 more building units than in 2018.