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Executive Summary
EY Cyprus' annual real estate market report aims to assist investors and real estate developers in navigating the sector. The report analyses 2024 market data, key trends in demand and supply, and the influence of macroeconomic and geopolitical factors.
It also highlights the resilience of the property market amid rising costs and changing buyer behaviors, noting a record year in transaction volume and value. The influx of foreign residents and businesses is driving demand, while a pulse survey reflects optimism among industry participants about future demand.
Overall, this report provides insights into the current state and future prospects of the Cyprus property market, helping stakeholders identify opportunities.
For additional information with respect to this report, please contact:
Stelios Demetriou
Partner, EY-Parthenon Cyprus Leader, M&A Leader of Central, Eastern and Southeastern Europe & Central Asia
Stelios.Demetriou@parthenon.ey.com
Andreas Anastasiou
Partner, EY-Parthenon Cyprus
Real Estate Specialist
Andreas.Anastasiou@parthenon.ey.com
Charis Papadopoulou
Manager, EY-Parthenon Cyprus
Real Estate Specialist
Charis.Papadopoulou@parthenon.ey.com
About EY
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organisation, please visit ey.com