Annual Increase Of Property Sales By 18% So Far In 2022, Land Registry Director Tells CNA
Property sales increased by 18% during the first nine months of 2022, compared to the corresponding period in 2021. Also, the number of sale agreements submitted to the Land Registry Department, increased by 36%, Director of the Department, Elikkos Elia, has told Cyprus News Agency.
Elia said that 10,000 sale agreements are submitted annually, as well as the exchange of 16,000-17,000 properties as a gift. He also pointed out the significant role of the Department to the economy of the country, saying that 18,000-19,000 property sales are registered each year, with their value amounting to €3-4 billion.