Demand for property in Cyprus is still high.

creates expectations for another positive year in the real estate sector'."

Limassol leads the way

Limassol district confirms its status as the driving force of the Cypriot real estate market, ranking first in the number of sales documents (3,435) and second after Nicosia in the number of property transfers (2,334). In terms of property value, it is the strongest area, with property transfers worth €462 million and sales documents worth €1.85 billion in the nine months of this year.

Two sides of Nicosia

The Nicosia district ranks first in the number of property transfers (2,937) in the first nine months of the current year and follows Limassol in terms of value at €409m.However, an analysis of sale documents in the nine months''shows a significant decline for Nicosia in both transaction volume (1,673) and value (€382m), putting it in fourth place behind Limassol, Paphos and Larnaca.

Pafos maintains momentum

The Paphos area has continued to maintain momentum in the property market for over a year now, with 1,063 property transfers worth €165.3 million and 2,027 sales documents worth €632 million registered in the first nine months of 2023. In terms of the value of transfers, Paphos ranks fourth, but second in terms of sales documents, comfortably ahead of Larnaca and Nicosia.