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Real Estate Worth €6 Billion Sold In 2022, Says Cyprus' Real Estate Registration Council
January 16, 2023
The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council.
As stated in a press release of the Council, "against the challenges the real estate sector showed resilience and dynamism, which is reflected in the clearest way in the comparative sales of real estate by the Department of Lands and Surveys".
According to the data, 22,129 transactions with a total value of €5.85 billion were recorded throughout Cyprus in 2022. The fourth quarter of 2022 was the best of the year as properties worth €1.7 billion were sold in a total of 5,883 transactions. In the third quarter of 2022 transactions worth €1.65 billion were recorded, in the second quarter transactions of €1.2 billion and in the first quarter transactions of €1.3 billion.