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Paphos real estate sector saw double-digit increase in sales in 2022
February 17, 2023
The real estate sector in Paphos experienced a double-digit increase in sales during 2022, with the volume of transactions rising by 31 per cent year-on-year, according to PwC Cyprus’ latest edition of the real estate market publication, which provides insights on the property sector’s performance.
Paphos was one of three districts with an annual increase in property sales in the double digits, with the other two being Limassol, which saw an increase of 18 per cent year-on-year, and Larnaca, whose property sales rose by 31 per cent on annual basis.
Conversely, Nicosia saw a decline in sales to the tune of 6 per cent, while Famagusta experienced a drop of 1 per cent year-on-year.