Cyprus property market shows strong momentum, KPMG reports

KPMG Cyprus has released its 13th Real Estate Market Report, highlighting continued expansion in property development across the island, with a particular focus on residential projects.

The report shows improving market liquidity in 2023 and early 2024, with Limassol maintaining its position as the dominant market, particularly in the luxury housing sector.

Larnaca emerged as the fastest-growing area for property transactions in 2023.

“As the market adapts to new economic conditions, our pioneering Insights report serves as a crucial tool for stakeholders to navigate in an evolving real estate market”, said Christophoros Anayiotos, Head of Deal Advisory and Real Estate and Construction sector at KPMG Cyprus.