The Cyprus real estate market continues to demonstrate strength and resilience, with industry experts predicting the dawn of a new “golden era” in property development. These insights were shared during the 19th Property Development & Construction Conference and Exhibition, where professionals discussed emerging trends, investment opportunities, and the future of real estate in Cyprus.
Market Stability with Room for Improvement
Kikis Athinodorou, Director of Kikis Athinodorou & Associates LLC, emphasized that while the property market in Cyprus remains stable, challenges persist—particularly in the resale segment, where older properties often remain unsold. He called for increased investment in building maintenance to preserve long-term value and urged developers to diversify beyond typical student housing projects.
At AGD, we’re proud to offer a selection of modern residential properties designed for long-term value and minimal maintenance — view our current projects here.
Flexibility Needed in Investment Incentives
Markos Christodoulou, Managing Director of IKIA RESIDENCE, acknowledged the appeal of Cyprus for investors but stressed the need for faster, more efficient processes, especially concerning permanent residency permit applications. He suggested Cyprus could learn from Malta’s streamlined political coordination to attract more international interest.
For those considering property investment in Cyprus with long-term benefits, our team is here to guide you — learn more about us.
Local vs Foreign Buyer Trends
Georgios Chrysochos of the Cyfield Group highlighted differing trends between local and foreign buyers. While locals benefit from stable interest rates and a strong economy, foreign interest continues to grow. However, the supply of available properties is not meeting rising demand—an issue compounded by delays in public infrastructure projects.
Energy, NPLs, and the Real Estate Surge
Petros Lazarou, CEO of G&P Lazarou Estate Agents Ltd, predicted a major boom in the property market, driven by Cyprus’ strategic position as an emerging energy hub. With the EU moving away from Russian energy dependence, Cyprus’ natural resources and geographic location are increasing investor confidence. He also noted a rise in acquisitions of properties linked to non-performing loans (NPLs), further fueling growth.
Larnaca’s Rising Momentum
Panikos Livadhiotis, Managing Director of L. Livadhiotis & Sons, pointed to Larnaca as a key area of growth due to responsible banking and increasing demand. Developers are shifting focus from high-rise towers to more manageable residential units, with AI technology playing a growing role in improving efficiency and buyer communication.
If you’re considering investment opportunities in up-and-coming areas like Larnaca or Pera Chorio, contact our team for personalised guidance.
A Global Outlook for Cyprus Real Estate
Pantelis Leptos, Co-President of the Leptos Group, noted how the globalisation of real estate—accelerated by the pandemic—has positioned Cyprus as a destination for digital nomads and remote professionals. He projected that with a focus on sustainability, digital innovation, and talent attraction, Cyprus could see its GDP rise from €35 billion to €50 billion in the near future.
Final Thoughts: A Bright Future for Cyprus Real Estate
Moderated by Yiannis Misirlis, President of the Cyprus Property Developers Association, the conference closed on a high note. Experts agreed that Cyprus is heading into a new era of opportunity, innovation, and international appeal in the property sector.
As the market evolves, now is the perfect time to discover your place in Cyprus’ real estate future.