Apartments designed up a 3rd of true estate transactions


A third of all serious estate transactions in Nicosia during the first quarter of 2022 worried apartments, according to a report by the Council for Registration of Authentic Estate Brokers published on Friday.

The initial quarter noticed 1,574 true estate transactions taking position in the money, which includes transfers and profits, 536 of which included residences.

The Nicosia Municipality, Strovolos and Lakatamia observed the lion’s share of transactions, with 105, 105 and 99 respectively.

These had been adopted by Aglantzia with 93, Latsia with 63, and Engomi with 62 authentic estate transactions.

Agios Dometios saw the fewest transactions with just 24 being accomplished in the course of this time.

In the meantime, out of all Nicosia places, regardless of which council they fell less than, Agios Demetrios in Strovolos observed the maximum number of transactions with 56.

This was followed by Agioi Omologites with 36 and Chryseleousa with 32.

The normal worth of transactions in the district of Nicosia during the to start with quarter was €158,703.

“The Council for Registration of Actual Estate Brokers will continue to frequently publish its findings in buy to increase transparency and deliver valuable information to purchasers,” council president Marinos Kineyirou mentioned.

“Given that the need for apartments in the funds is regularly growing, we think that this facts will support all included, experts and non-industry experts, to have a additional finish perspective of the scenario in the market,” he extra.