Industry Pulse Report: Real Estate 2023
Executive Summary
The Cypriot real estate industry's growth in the face of soaring prices is indeed encouraging. It stands as a notable outlier compared to European trends, with foreign buyers playing a substantial role in driving this expansion. While uncertainties linger regarding pricing stability, fluctuating interest rates, and the evolving lending environment, the sector has consistently demonstrated resilience.
This unique situation positions Cyprus as a market to watch, presenting opportunities for investors and stakeholders to navigate and capitalize on its distinct dynamics.
The first version of our Real Estate Semi-Annual Update Industry Report presents the most recent sector developments in Europe and Cyprus. It also consolidates and presents insights from interviewing key sector stakeholders on the driving factors and challenges expected to influence the market in the foreseeable future.
For additional information with respect to this report, please contact:
Stelios Demetriou
Partner, Strategy and Transactions Services
EY Cyprus
Andreas Anastasiou
Partner, Strategy and Transactions Services
EY Cyprus
Charis Papadopoulou
Manager, Strategy and Transactions Services
EY Cyprus
charis.papadopoulou@cy.ey.com
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