The number of sales contracts submitted in the Department of Land and Surveys reached a 15-year record high in the second quarter of 2023, according to data published by the Central Bank of Cyprus.
In addition, residential property prices in Cyprus continued recording significant increases, on a quarterly as well as annual level.
In 2023Q2, the Residential Property Price Index of CBC registered a 1.5% increase compared to a 2.1% increase in the previous quarter. According to the CBC, the increase comes from a 0.7% increase in house prices and a 3.1% increase in apartment prices.