Property transactions up 16% in March

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Property transactions up 16% in March
 © BusinessMail 2017
By Stelios Orphanides

The number of properties that changed hands in March rose an annual 16 per cent island-wide to 626, the highest March figure since 2011, the Department of Lands and Surveys said.

The increase in property transactions last month was mainly on a strong rise in Paphos, where the figure reported last month rose 53 per cent to 162 compared to the respective month of 2016, the land department said in a statement on its website. The number of property transactions rose in Limassol 18 per cent to 232 and in the Famagusta area 21 per cent to 40.

On the other hand, the number...

Property transactions up 16% in March

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