sales transactions Archives | Imperio Properties

Cyprus’ real estate transactions are up 14% in September 2020, compared to September 2019. Transactions in Limassol were up 5% in the previous month.

The demand by locals in Cyprus increased significantly in September, in comparison to the correspondent month of 2019. In Limassol, the domestic sales transactions remained at the same level as of September 2019.

Total transactions of September in Cyprus are up 14% compared to September 2019

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Total transactions of September in Limassol increased +5%, in comparison to September 2019

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Domestic demand for real estate has a significant increase, following the transactions’ high number of the summer months of 2020

+29% increase in Cyprus’ real estate sales by local buyers in September

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Only 3 sales transactions less by local buyers in September in Limassol (173), compared to the correspondent month of 2019 (176)

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Based on the official data of September’s sales transactions, Cyprus real estate is in the process of full recovery

Developers should focus on local buyers

RE sector proves once again its important contribution to the Cyprus’ economy

With August being a traditionally “difficult” month for the real estate market. This year’s transactions, according to official figures, are at the same level as last year’s despite the extremely difficult conditions imposed by the pandemic since the beginning of 2020. It is important that the demand for real estate from the local population showed a significant increase last month, due to the fact that many Cypriots chose to stay in Cyprus throughout August.

Total transactions of August in Cyprus only -5% compared to the corresponding month last year

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Total transactions of August in Limassol (193), only three less than August 2019 (196)

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Domestic demand for real estate has increased significantly during the summer months

+5% increase in Cyprus’ real estate sales by local buyers in August

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Specifically in Limassol, +6% increase in Cyprus’ real estate sales by local buyers in August

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Developers should focus on local buyers

RE sector proves once again its important contribution to Cyprus’ economy