{"id":47133,"date":"2024-09-19T12:50:04","date_gmt":"2024-09-19T05:50:04","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=47133"},"modified":"2024-09-19T12:50:04","modified_gmt":"2024-09-19T05:50:04","slug":"cyprus-real-estate-market-saw-a-slight-uptick-in-the-first-half-of-2024","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/cyprus-real-estate-market-saw-a-slight-uptick-in-the-first-half-of-2024\/","title":{"rendered":"Cyprus&#8217; real estate market saw a slight uptick in the first half of 2024"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:90\">According to the Cyprus Real Estate Agents Registration Council, the volume of property transactions increased by 8% compared to the same period in 2023. Although the value of these transactions only rose by 1% during the same period.<\/p>\n<p data-sourcepos=\"7:1-7:73\">The second quarter of 2024 exhibited a more robust performance, with a 6.3% increase in transaction volume and a 14.6% surge in value compared to the first quarter.<\/p>\n<p data-sourcepos=\"7:1-7:73\">\n<p data-sourcepos=\"9:1-10:196\"><strong>Breakdown of Performance<\/strong> Nicosia experienced the most significant annual growth in sales at 24%, followed by Larnaca at 9%. Conversely, Paphos, Limassol, and Famagusta recorded declines of 16%, 10%, and 11%, respectively.<\/p>\n<p data-sourcepos=\"12:1-12:230\">Marinos Kineyirou, Chairman of the Cyprus Real Estate Agents Registration Council, expressed cautious optimism about the market&#8217;s future. He stated, &#8220;The second quarter&#8217;s improved performance compared to the first instills a sense of cautious optimism.&#8221;<\/p>\n<p data-sourcepos=\"14:1-14:182\">However, he also noted that &#8220;the first half of 2024 still underperformed compared to 2023, primarily due to the impact of rising prices and inflation on people&#8217;s disposable incomes.&#8221;<\/p>\n<p data-sourcepos=\"16:1-16:146\">&#8220;The substantial increase in sales in Nicosia and Larnaca is crucial as it partially offsets the losses in Limassol and Paphos,&#8221; the expert added.<img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-18464\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12.jpeg\" alt=\"\u0110\u1ea7u t\u01b0 \u0111\u1ecbnh c\u01b0 \u0111\u1ea3o S\u00edp\" width=\"1000\" height=\"550\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12.jpeg 1000w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12-300x165.jpeg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12-768x422.jpeg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12-24x13.jpeg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12-32x18.jpeg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/12\/Cyprus-12-48x26.jpeg 48w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Cyprus Real Estate Agents Registration Council, the volume of property transactions increased by 8% compared to the same period in 2023. Although the value of these transactions only rose by 1% during the same period. The second quarter of 2024 exhibited a more robust performance, with a 6.3% increase in transaction volume &#8230; <a title=\"Cyprus&#8217; real estate market saw a slight uptick in the first half of 2024\" class=\"read-more\" href=\"https:\/\/porticoandbridge.com\/en\/cyprus-real-estate-market-saw-a-slight-uptick-in-the-first-half-of-2024\/\">Read more<span class=\"screen-reader-text\">Cyprus&#8217; real estate market saw a slight uptick in the first half of 2024<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":26415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[93],"tags":[],"class_list":["post-47133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/47133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/comments?post=47133"}],"version-history":[{"count":1,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/47133\/revisions"}],"predecessor-version":[{"id":47134,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/47133\/revisions\/47134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media\/26415"}],"wp:attachment":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media?parent=47133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/categories?post=47133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/tags?post=47133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}