Cyprus’ real estate transactions are up 14% in September 2020, compared to September 2019. Transactions in Limassol were up 5% in the previous month.
The demand by locals in Cyprus increased significantly in September, in comparison to the correspondent month of 2019. In Limassol, the domestic sales transactions remained at the same level as of September 2019.
Total transactions of September in Cyprus are up 14% compared to September 2019
Chart 1
Total transactions of September in Limassol increased +5%, in comparison to September 2019
Chart 2
Domestic demand for real estate has a significant increase, following the transactions’ high number of the summer months of 2020
+29% increase in Cyprus’ real estate sales by local buyers in September
Chart 3
Only 3 sales transactions less by local buyers in September in Limassol (173), compared to the correspondent month of 2019 (176)
Chart 4
Based on the official data of September’s sales transactions, Cyprus real estate is in the process of full recovery
Developers should focus on local buyers
RE sector proves once again its important contribution to the Cyprus’ economy
