PwC Cyprus presents its annual report on the Cypriot real estate market, outlining the main developments and trends of the sector during 2024, through detailed analysis and the use of extensive databases as well as the firm’s sectoral expertise.
Resilience despite challenges
Despite ongoing global challenges, the real estate market in Cyprus demonstrated remarkable stability. In 2024, record-high transaction values were recorded, reaching €5.71 billion—marking a slight 1% increase compared to 2023. The total number of transactions amounted to 23,900, reflecting a marginal annual decline of 3%.
Nicosia stood out with a 4% increase in transaction volume, while coastal cities saw marginal declines. In terms of transaction value, Limassol remained dominant, accounting for…