Apartments built up a 3rd of true estate transactions


A 3rd of all authentic estate transactions in Nicosia all through the very first quarter of 2022 concerned residences, in accordance to a report by the Council for Registration of Actual Estate Brokers published on Friday.

The initially quarter observed 1,574 authentic estate transactions getting location in the cash, together with transfers and gross sales, 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 ended up followed by Aglantzia with 93, Latsia with 63, and Engomi with 62 true estate transactions.

Agios Dometios observed the fewest transactions with just 24 getting concluded throughout this time.

In the meantime, out of all Nicosia parts, irrespective of which council they fell underneath, Agios Demetrios in Strovolos observed the highest number of transactions with 56.

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

The common benefit of transactions in the district of Nicosia during the 1st quarter was €158,703.

“The Council for Registration of Serious Estate Agents will go on to regularly publish its findings in buy to boost transparency and provide valuable details to consumers,” council president Marinos Kineyirou claimed.

“Given that the desire for flats in the funds is continually increasing, we consider that this information will assist all involved, professionals and non-specialists, to have a extra entire watch of the condition in the sector,” he included.