Key findings:

• The total number of ongoing transactions increased by 6.3% compared to the same period last year, while completed transactions grew by 1%.
• From January to September 2024, 11,634 sales contracts were signed, and 14,074 transactions were fully completed.

Q3 2024 dynamics:

• The number of completed transactions decreased by 2.7%, amounting to 4,700, with a total value of €1.05 billion, which is 5.5% lower than in the second quarter.
• Meanwhile, the number of ongoing transactions increased by 3.1%, reaching 4,081. 

Regional data (January to September):

• The largest growth in ongoing transactions was recorded in Nicosia (+20%), Larnaca (+6%), and Famagusta (+1%).
• A decline in ongoing transactions was observed in Paphos (-12%) and Limassol (-4%). 

Expert comment:

The President of the Real Estate Agents Registration Board, Marinos Kinaigeirou, emphasized the market's resilience: “Despite a decline in completed transactions, the increase in sales contracts supports optimism. The anticipated reduction in interest rates may boost local transactions."