Real Estate
The real estate boom in Cyprus reflects a robust economy and a favorable investment environment, attracting both domestic and international buyers. In the last couple of years, there is a noticeable increase in both local and foreign investments. Statistical data from the first quarter of 2024 shows a remarkable surge in property sales across the country, particularly in popular locations like Limassol, Paphos, and Larnaca.
The demand for residential properties, including apartments and villas, has been steadily rising, driving property prices upward. Additionally, the commercial real estate sector is also flourishing, with a rise in office spaces, retail outlets, and hospitality establishments being developed to cater to the growing market needs. The expansion of the tourism industry in Cyprus has further fueled the growth of the real estate sector, with investors eyeing lucrative opportunities in the hospitality and short-term rental markets.
