Insider Business Forced sales peak in May and June

Forced sales peak in May and June

The list of properties going on sale in May and June includes several small apartments, plots and fields.

The properties that will be auctioned because of their owners’ debts include a two-storey apartment of 792 sq.m. in the 7-storey Makaria Center building in Larnaca. It will be auctioned by Alpha Bank at a price of €1,067,500. According to continuous advertisements in the press, Bank of Cyprus will auction an apartment of 43 sq.m. in Aglantzia at a price of €46,400. And an apartment on  Kallipoleos Avenue of 38 sq.m. will be sold at a price of €44,000.

In the Psimolofou area, a field of 14.205 sq.m. will be sold for €202,000. Bank of Cyprus will sell plots of land in Lymbia area at €10,000, €26,800 and €34,800. Also a field in Astromeritis village is listed at the price of €13,600 and in Tseri area at €153,200. Land of 3,596 sq.m. in Strovolos in Apostolos Varnavas and Ayios Makarios will be sold for €314,800.

Hellenic Bank will auction a plot of 558 square metres in Archangelos-Anthoupolis area at a price of €122,800. An apartment of 44 sq.m. in Strovolos will be sold at a price of €36,800 and an apartment of 90 sq.m. in Engomi for €104,000. In the province of Limassol, in Pachna area, a two-storey house of 146 sq.m. goes for € 55,600 and a plot of land of ​​2,676 sq.m for €56,000.

A plot of 586 sq.m in the Municipality of Kato Polemidia will be auctioned for €123,200. Six shops in Mesa Gitonia will be sold by Hellenic Bank. Prices vary from €80,800  to €436,000 depending on the floor area. In the same building, five apartments will be auctioned off, with sale prices starting at €251,800 and rising up to €340,000.

A two-storey residence in Akrounta in Limassol will be sold for €530,800. A plot of 507 sq.m. in Apostolos Andreas area, where there is a three-storey mixed-use building, will be sold for €427,200. Hellenic Bank will sell a plot of 7.340 sq.m. in the Municipality of Yeri at the price of € 103,000 and an apartment in Pyla will be sold at €55,600

Altamira will proceed with the sale of a plot of 504 sq.m. in the area of ​​Chryseleousa in Strovolos at the price of €287,375. In the same area, a second plot of 504 sq.m. with a dwelling will be sold at a reserve price of €476,425. Eight apartments located on Stassinou Street in Nicosia go for  €55,100, €65,550 and € 91,675. A plot of 524 sq.m. in the area of ​​Ayios Nikolaos in Lakatamia will be sold for € 96,050. A plot of 413 sq.m. in Strovolos will be auctioned by Altamira at a price of € 309,500. Land plots in the area of ​​Klirou will be sold at € 11,800 and €12,200.

Thirteen apartments located in the area of ​​Ayios Andreas will be sold by the Cyprus Development Bank. Prices start at €19.980 for an apartment of 27 sq.m and reach up to €70.420 for a 119m2 apartment. In Limassol, Mesa Gitonia, a plot of 530 square metres will be sold by Alpha Bank at a price of €86,800. A two-storey apartment in Chlorakas village in the development of Lordos Panthea Cottages will be sold at a price of €73,500.

Read more:

Top Stories

Meghan loses latest court battle with UK tabloid newspaper

Meghan, Britain's Duchess of Sussex, has lost the latest skirmish in her privacy lawsuit against a tabloid newspaper, after London's High Court ruled on...

Armenia’s defence ministry says warplane shot down by Turkish F-16 fighter jet

A Turkish F-16 fighter jet shot down an Armenian SU-25 warplane over Armenian territory on Tuesday, killing the pilot, an Armenian defence ministry spokeswoman...

Greek, Italian and French officials to hold talks with Petrides during visits

Greek Minister of National Defence Nikos Panagiotopoulos, accompanied by the Chief of the Hellenic National Defence General Staff Konstantinos Floros, Chief of Defence Staff...

Employers – clients determine working time of 74% of workforce in Cyprus

In 2019, the employer, organisation or clients mainly decided on the working time of almost 118 million of the 194 million employed people aged...

Syllouris expresses solidarity and support to the Armenian people

Cyprus House President Demetris Syllouris expressed feelings of sincere solidarity and fraternal support to the Armenian people during a telephone conversation he had on...



Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...


Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...