Flats made up a third of genuine estate transactions

A third of all true estate transactions in Nicosia throughout the to start with quarter of 2022 concerned flats, according to a report by the Council for Registration of Actual Estate Brokers published on Friday.

The initial quarter observed 1,574 authentic estate transactions having position in the money, which includes transfers and revenue, 536 of which involved apartments.

The Nicosia Municipality, Strovolos and Lakatamia noticed the lion’s share of transactions, with 105, 105 and 99 respectively.

These had been adopted by Aglantzia with 93, Latsia with 63, and Engomi with 62 actual estate transactions.

Agios Dometios observed the fewest transactions with just 24 currently being done throughout this time.

In the meantime, out of all Nicosia regions, regardless of which council they fell less than, Agios Demetrios in Strovolos saw the best quantity of transactions with 56.

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

The typical benefit of transactions in the district of Nicosia all through the initially quarter was €158,703.

“The Council for Registration of Genuine Estate Agents will proceed to routinely publish its results in get to improve transparency and supply beneficial information and facts to buyers,” council president Marinos Kineyirou stated.

“Given that the demand for apartments in the capital is frequently expanding, we believe that this facts will enable all involved, pros and non-gurus, to have a more total check out of the problem in the current market,” he additional.