Property sales in Cyprus reached 2,222 units in the first two months of 2023, an increase of 17% compared to the same period last year. Sales increased in all areas except Nicosia. The sector has adapted to demand coming from the domestic market and from people choosing Cyprus to resettle with their families from countries such as Israel, the Nordic and Arab countries and the UK.
The total number of sales contracts in February 2023 increased by 8% compared to February 2022. This is the highest figure for February since 2008.