Real-estate development

After experiencing a period of declining prices in 2021, the real estate market in Cyprus is continuing to recover. For the first time in the previous 15 years, the volume of real estate sales grew during the first three months of 2022. According to data from the Cyprus Land Registry, it will continue to be high in the second quarter of 2022.

In Cyprus, most of the most profitable business opportunities for investors can typically be found in the construction sector. Demand is increasing for investments that are made directly in real estate. The tourism industry receives the vast majority of the projects that are carried out. Cyprus, on the other hand, is the site of significant real estate development projects, both residential and commercial.

Because of the low-interest rates and high supply level, this is a great moment to invest in real estate in Cyprus. At this point, the most important thing to do is focus on the permanent expenses associated with purchasing a home. This entails costs, maintenance fees, loans, and taxation in general.