Real estate will stabilise after mini-boom Cyprus’ real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted by rising building costs and interest rates. According to Land Registry data, the sales documents filed in the first 11 months of 2022 were 12,074, up from 9,063 last year,…
Property market pinning hopes on foreign buyers Cyprus’ property market is feeling the brunt of hiking building costs and interest rates as Cypriots see their dream of owning a home dashed, with real estate stakeholders pinning their hopes on foreign buyers. Real estate agents and developers say a rise in demand from foreign investors will balance the gap caused by…
