Limassol is king of the Cyprus real estate market
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April 29, 2021
Limassol continues to be the most important real estate market in Cyprus, and all available information supports this: sales, rentals, and prices.
Contrary to popular opinion, the Limassol real estate market is not showing signs of saturation, and despite existing issues and occasional fluctuations, it continues to be dynamic.
The repeal of the Cyprus Citizen by Investment Programme, for example, has had an evident effect.
Yet, interest for high-end properties in Limassol has not completely disappeared, with real estate companies adjusting accordingly.
In 2020, 54% of the transactions for Real Estate assets worth over €1.5 million were recorded in Limassol, according to a PwC Cyprus report.
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