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25th February 2024
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HomeNewsCyprus real estate soars despite challenges

Cyprus real estate soars despite challenges

The real estate market remains robust and is on track to becoming the best-performing year since 2008, according to a report by Danos/BNPRE Group.

The report, covering the second semester of 2023, reveals a 23% increase in sales compared to the second quarter of the same year, reaching a record high in the past 15 years with 7,689 sales.

The total forecast sales contracts for 2023 are expected to surpass 15,000, exceeding the previous record of 13,409 in 2022.

During the second quarter, 5,974 transactions took place, totalling €1.52 billion in property sales.