In January, buyers made 1,327 real estate transactions — exceeding January figures for 2 years of observations. 12% more transactions were registered than in January 2023
Despite the traditional decline in indicators in January (the trend has been repeated for many years), we are observing a positive trend: year by year Cyprus attracts more and more real estate investors.
The amount of real estate transactions in Cyprus in January amounted to more than 263 million euros — a decrease of 41% by December 2023.
In January, the number of non-residents The number of buyers of real estate in Cyprus amounted to 350 people. This is 96% more than buyers from EU countries.
The total number of foreign investors in real estate in Cyprus increased by 46% by January 2023.
If earlier interest in relocation and investments on the island was stimulated by the IP-Box tax regime for IT projects, then in 2024 the main driver of the real estate market will be the possible entry of Cyprus into the Schengen area, which will have a positive impact on the growth of the cost of projects.
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