Real Estate Dynamics in Cyprus | December 2021
After the last year’s major pause due to the coronavirus outbreak, Cyprus’ housing market sees first signs of recovery. In particular, the transfers of sales increased slightly by 3.4% y-o-y in November 2021 compared to the same period in 2019. Likewise, the amount of mortgages totalled €5,093 bn, up by 82.2%. However, even if the Cypriot real estate market is recovering, the amount of mortgages dropped slightly by 4.4%, whilst, the contracts of sales fell by 4.2% over the same period compared to 2019.