The residential real estate market has demonstrated significant stability and growth amid geopolitical tensions. Statistics show that the sector is successfully coping with external challenges, maintaining its upward trend.
Overall results for the period from January to March show market growth of 14% (4,709 transactions). Notably, activity increased month-on-month: from 1,411 sales in January to 1,761 in March. Experts note that the geopolitical situation in the Middle East has not yet had a negative impact on the sector. In total, foreigners purchased 2,044 residential properties in the first quarter.
According to the results of the first quarter, the largest increase was also noted in the region Famagusta (+36%). Limassol retained its lead in total transaction volume (1,499), showing a 16% increase. Nicosia added 14%, while Paphos and Larnaca grew by 11% and 9%, respectively.
These figures indicate that demand for one-, two- and three-bedroom properties remains strong, with investors continuing to view the residential property sector as a reliable means of preserving and growing capital in every key area of the country.
