An analysis of the Cyprus housing market, based on 2,500 registered projects, has revealed significant trends in buyer preferences and price distribution. The presentation was made by Pavlos Loizou, CEO of Ask Wire, in the context of the 20th Real Estate, Property Development & Construction Conference & Exhibition, organised by Altia.
As Loizou explained, the majority of transactions concern new apartments, while older properties are seeing a decline in interest and price stabilisation. According to the data, approximately 50% of new apartments are sold for around €150,000, with demand for higher-value properties remaining stable in the higher segments of the market.
At the same time, he noted that price increases and product diversification create opportunities for growth strategies in areas with high demand, while the data highlights the need for targeted promotion of new projects and optimisation of the product to meet buyers' expectations.
Finally, Pavlos Loizou's analysis underlined that the housing market in Cyprus remains dynamic, with new projects driving demand and influencing the formation of the investment strategy for the next five years.
(Source: InBusinessNews)
