Real estate prices up 7.7%

The prices of property in Cyprus have continued to rise in recent years. This increase is mainly due to the rising cost of building materials and increasing demand.

It has recently become noticeable that many property owners, developers and individuals are offering unusually high sale prices and significantly increased rents for their properties. With our extensive experience in the Cyprus property market, we can distinguish when prices make sense, match the data or become unreasonable.

While we have previously discussed the impact of increased demand and limited supply on property prices, on