22.07.2024
“The construction sector in Cyprus has proven its stability and importance to the economy, especially during times of crisis,” notes Georgios Ioannou, CEO of Korantina Homes. He emphasizes that this industry contributes to strengthening Cyprus’s position in the international business and investment environment.
Georgios Ioannou highlights key factors that, in his opinion, contribute to the industry’s growth prospects. In particular, he notes that the core principles of Korantina Homes remain innovation and high quality, which allows the company to maintain a stable position in the market.
Georgios Ioannou also emphasizes the importance of the trust the company builds with its clients, partners, and the community, which is the foundation for its long-term success.
Despite existing challenges, the industry continues to actively develop. The main challenges facing the sector include global geopolitical instability, energy uncertainty, inflationary pressure, and high interest rates.
The construction sector attracts significant foreign investment, even in times of instability, which strengthens Cyprus’s economy. The quality of construction, the adoption of digital technologies, and the flexibility to adapt to market changes are key factors that support its development. It is worth noting that the sector’s contribution to Cyprus’s GDP currently stands at 15%.
Georgios Ioannou believes that Cyprus’s construction industry can enhance the country’s competitiveness as an investment and business hub, despite external challenges. Construction, tourism, financial and digital services, as well as shipping, can mitigate the negative impact of external factors, creating favorable conditions for attracting investment.
“Aesthetic and technical quality of projects, transition to digital technologies, special care for the environment, comprehensive maintenance, service and technical support, combined services, and rapid adaptation to new market needs—all these elements enhance the sector’s prospects.”
About the Company
Founded in the 1990s, Korantina Homes specializes in the development of luxury real estate. The company has an extensive portfolio that includes well-known projects such as Cap St. Georges Resort, Soho Resort, the seaside Coral Residences, and the new Royal Bay Resort, as well as other properties in the center of Paphos that represent excellent investment opportunities.
As a leading company in the premium real estate sector, Korantina Homes places great emphasis on innovation, quality, and trust. They are constantly working on strengthening their relationships with the community by implementing projects in sports, education, culture, and environmental protection.
The company is also actively embracing new technologies, striving for digital transformation of its processes, which allows them to stay at the forefront of the market and continue to achieve success.
