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Building recovery with domestic impetus – 139 transactions for luxury real estate worth more than 1.5 million euros in 2021

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{ARXIGRAMMA ας real estate sector continues to lead the course of the recovery of the Cypriot economy according to the analysis of PwC Cyprus, as the total value of transactions in 2021 amounted to 3.8 billion euros, recording an annual increase of 26% (-14% compared to 2019). In total, the trading volume amounted to 19,100, recording an annual increase of 32%, while it even exceeded the transactions recorded in 2019 by 11%, a fact that is mainly attributed to the increased demand from the domestic market.

The provinces of Nicosia, Limassol and Larnaca recorded double-digit growth rates in real estate transaction values, compared to 2020, with Limassol accounting for 42% of the total value of transactions. Although the signs of recovery of the sector are evident in all provinces, however, the value of transactions in 2021 shows a decrease, compared to 2019, with the exception of Nicosia, which recorded an increase.

< i> More about the issue in the printed version of “P” and for its subscribers CITIZEN PREMIUM the digital version of the newspaper in PDF at the same time with its daily print circulation from 05.00 in the morning.

The points all over Cyprus for free rapid test on Tuesday, March 8 (catalog)

Source: politis.com.cy

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