The resilience of Cyprus’ real estate market, despite ongoing international uncertainty, is evident in the “Cyprus Market Watch” report by Delfi Partners & Company. Supported by strong domestic activity and stabilizing inflation, the market continues to demonstrate adaptability while addressing broader challenges.
Data on building permits for the first half of 2024 recorded a significant 32.5% year-on-year increase, reflecting robust development momentum. However, projections for the remaining months of 2024 suggest a potential decline, primarily attributed to municipal reforms that caused considerable delays in the building permit approval process.
