Ioanna Charalambous: European market real estate trends and the 2023 transformation

Ioanna Charalambous, Director at PwC Cyprus, Real Estate Advisory, presented the developments and transformation of the real estate sector in 2023, at the 18th Land Development, Design and Construction Conference and Exhibition taking place in Nicosia on 27 March.

As she said, in light of the constantly changing global landscape, the Cypriot real estate market has embarked on its own transformation journey, and the industry’s stakeholders are fully aware of how important it is to reinvent themselves and remain up to date.

She said that based on PwC’s various reports, real estate transactions peaked in 2022, despite the geopolitical challenges, while in Europe, the emerging trends for 2024 will see an increase in mixed-use developments.

In 2023, Charalambous said the real estate market stabilised while the private sector stepped in to help deal with the supply/demand imbalance.

As for the local real estate sector, Charalambous said it was important for businesses to constantly transform their strategies and products, so the island can remain competitive and attractive.

The18th Land Development, Design and Construction Conference and Exhibition is presented by Altia, while PwC Cyprus is a Strategic Partner.

Read More

National Betting Authority: The sector is on a steady upward trajectory in 2023
Exness accepting applications for summer internship programme
Demetris Sparsis: Foreign investors are trusting Cyprus again
16 Cypriot artists participating in the Purity Exhibition in Lefkara
Vassilis Evgenios named new CEO of CTC Group and Executive Director of the Board
Deputy Minister underlines efforts to enhance Cyprus' tourism competitiveness
Study on taxable income under way, President says
#LikeALocalCy: The new campaign by the Deputy Ministry of Tourism showcases Cyprus through the eyes of the locals
NEDECO Electronics Ltd and Alcatel-Lucent Enterprise: A New Era for Communication and Networking
Danos International Property Consultants and Valuers announces new CMO