Property transactions up 36% in January

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Property transactions up 36% in January
 © BusinessMail 2018
By Stelios Orphanides

The number of property transactions in December rose an annual 36 per cent to 1,537, the highest number reported since July 2008, the department of lands and surveys said.

The increase in property transactions in December, ahead of the introduction of 19 per cent value added tax (VAT) rate on land plots in January, was mainly on an annual 113 per cent increase to 306 of the number of properties sold to new owners in Nicosia, the department said. Most transactions took place again in Limassol and their number rose 23 per cent to 532.

In Paphos, property...


Property transactions up 36% in January


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