According to the Delfi report Partners & Company , the total value of real estate transactions by mid-2024, exceeding pre-Covid levels, amounted to €2 billion. The average value of one transaction reached €340,790, exceeding 2019 figures for the first time. Limassol remains the leader in market activity, accounting for 32% of all sales. The next most active areas are Nicosia (22%) and Larnaca (21%).
The Cyprus economy is set to continue to grow strongly in the coming months, with inflation stabilising. The expected decline in interest rates, as well as the dynamic development of the real estate sector, make Cyprus an attractive option for investors seeking stability, security and growth opportunities in a competitive market.
Michalis Loizu from Delfi Partners & Company noted: “We are seeing a shift in the structure of the market, with local buyers playing an increasingly important role and international interest, although reduced, remaining strong. This dynamic highlights the adaptability of the Cyprus property market, which continues to offer opportunities even in the face of global economic challenges.”
