According to the Land Registry data, last year 22,129 real estate transactions were recorded in Cyprus for the total value of €5.85 billion.
The fourth quarter of 2022 was the best of the year, as properties worth €1.7 billion were sold in 5,883 transactions.
Limassol recorded the largest sales volume with 6,945 real estate transactions worth €2.86 billion.
Nicosia followed with 6,237 transactions with a total value of €1.2 billion.
The real estate sector in Paphos grew significantly, both in the number of transactions (3,593) and in their total value, which reached €890.4 million.
In Larnaca, 4,160 transactions had a value of €666.2 million, while in Famagusta, 1,194 transactions were worth €238.4 million.
The property experts believe 2023 will be a year of stability, as buyers are still viewing the property market as a solid investment.
