FIGURES released by the Department of Lands and Surveys earlier today show that 946 transfers of property took place at District Lands Offices throughout Cyprus during October.
So far this year 9,921 transfers have taken place compared with the 5,882 contracts for the purchase of property deposited at the District Lands Offices over the same period.
The Land Registry’s assessment of the market value of the properties transferred so far this year totalled € 1,622,910,450.07. This is an uplift of 7.8% on the price € 1,505,916,646.46 declared by vendors and purchasers.
It has been reported elsewhere that the number of transfers only accounts for one fifth of the total number of deeds issued by the Land Registry.
As well as residential property, such as houses and apartments, the transfers include land and commercial property.
(I received my Title Deed earlier this month, which had been updated by the Land Registry to include my house, almost eleven months after I filed the application).