Property sales in the first nine months of 2022 in Cyprus are up by 37% compared to 2021, recording the most activity in the real estate market since 2008.

Limassol continues to lead the pack with 3,315 sales so far – compared to 2,221 last year –an increase of 49%. But Paphos roared ahead with a whopping 69% rise in sales as it recorded 2,028 transactions in the first nine months – compared with 1,200 last year.  

The latest data from the Cypriot land registry department showed that Larnaca has the second highest rate of increase at 53%, with 1,734 sales this year. Nicosia (3.8% increase) and Famagusta (1.9%) recorded the lowest rates.