After the last year’s major pause due to the coronavirus outbreak, Cyprus’ housing market sees first signs of recovery. In particular, the transfers of sales increased slightly by 3.4% y-o-y in November 2021 compared to the same period in 2019. Likewise, the amount of mortgages totalled €5,093 bn, up by 82.2%. However, even if the Cypriot real estate market is recovering, the amount of mortgages dropped slightly by 4.4%, whilst, the contracts of sales fell by 4.2% over the same period compared to 2019.