In Cyprus, real estate is sold for a total amount of over 1.5 billion euros

According to an industry analysis report by Cypriot fintech Ask Wire, there are currently more than 7,000 properties available on the market, with a total value of more than €1.5 billion. The majority of properties (42%) with a total value of €836 million were available for sale for more than two years, and 1,498 properties valued at €250 million were available for sale between 12 and 24 months.

Nicosia has the largest volume of properties available for sale, with 2,432 properties, representing 34% of the total. Their cost is 794 million euros. In second place is the Paphos area, where banks and management companies sell 1,656 properties worth €274 million.

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