Sales surged at year end

Property sales (as measured by the number of sale contracts deposited at Land Registry offices) surged in December recording the highest number for the last four years according to the property sales statistics published by the Department of Lands and Surveys. Sales in December 2021 rose 74% compared to December 2020 with sales rising in all districts. Property sales in Limassol rose 109% and in Nicosia they rose by 73%. Meanwhile, sales in Paphos, Larnaca and Famagusta they rose by 66%, 51% and 27% respectively compared to December 2020....