By Stelios Orphanides
Property transactions rose 46 per cent to 666 in February compared to the respective month of 2017, mainly on strong performance of the real estate market in Paphos, the lands department said.
Property transactions in Nicosia rose last month 32 per cent to 96 and those in Limassol 45 per cent to 256 compared to the respective month of last year, the Department of Lands and Surveys said in a statement on its website on Monday. In Larnaca, they fell 1 per cent to 99.
In the Famagusta and Paphos districts they rose 174 per cent to 52 and 87 per cent to 163 respectively, the department said.
In January to February, total property transactions rose an annual 55 per cent to 1,361, the land department said. The above figures also properties swapped in exchange to debt as part of loan restructuring agreements.