The Cypriot housing market exhibited noteworthy versatility and adaptability during 2023 and the all out worth of exchanges came to €5.5bn, which has all the earmarks of being at similar levels as in 2022, a public statement by PwC Cyprus says.

PwC introduced on Thursday its yearly report for the Cypriot housing market and in a public statement it says that prominently, exchanges in the region of Larnaca kept a 22% expansion in exchange esteem terms with the locale of Pafos recording a 4% YoY increment.

During 2023, it adds, the exchange worth of the private property area came to roughly €3.9 billion, addressing a 1% diminishing contrasted with 2022.

A sum of 6,900 properties across Cyprus were obtained by unfamiliar purchasers during 2023, recording a yearly increment of 16% (2022: 5,928).

The top of the line private property portion kept a remarkable drop in 2023, with the examination of exchange information of single private properties with a cost of ≥€1.5mln, showing a decline of 26% contrasted with 2022.

The information proposes that during 2023, a sum of 164 exchanges were kept in this portion, with the complete worth coming to €440mln. The commitment of this portion to the all out worth of exchanges remained at simply 8%, it finishes up.