Cyprus Sotheby’s International Realty: The Mid- and High-Range Residential Market Continues to Grow

Cyprus Sotheby’s International Realty has released its latest Q4 2024 Insights report, analyzing trends in Cyprus’s Residential property market with focus on mid- and high-range residential real estate market. The data for Q4 2024 indicates a continued rise in demand for quality and high-value properties, despite ongoing global economic uncertainty and geopolitical risks.  

Key Trends in Q4 2024

• Increase in transactions within the mid- and high-range segments: Properties priced from €500,000 (houses) and from €200,000 (apartments) continue to attract buyers, with steady growth across major regions.  
• Limassol leads the market: The city remains the primary hub for premium real estate, with 864 transactions recorded in Q4, 54% of which were in the mid- and high range segment.  
• Pafos sees strong demand: The number of transactions in the mid- and high-range segments reached 22% (172 properties) of total sales.  
• Stable interest in Nicosia and Larnaca: The capital city recorded 17% of transactions in these segments, with a similar proportion in Larnaca, where apartments remain the primary focus.  

Key Factors Driving the Market  

Experts at Cyprus Sotheby’s International Realty highlight several major factors supporting investor interest in Cyprus real estate:  

• Improved credit rating: In November 2024, Moody’s upgraded Cyprus’s credit rating to A3 for the first time since 2011, signaling strong financial performance and reduced public debt.  
• Record-breaking tourism growth: Cyprus welcomed an unprecedented number of tourists in 2024, boosting the economy and increasing interest in real estate investments, particularly in the short-term rental sector.  
• Political stability and EU membership: Cyprus remains an attractive and secure destination for investors thanks to its stable political environment and EU membership.  

Conclusion: Is Now the Right Time to Invest?

According to Cyprus Sotheby’s International Realty analysts, the mid- and high-range real estate market continues to demonstrate steady growth. With improving macroeconomic conditions and increasing demand for quality developments, Cyprus remains a prime destination for long-term investments.  

Anastasia Yanni, CEO of Cyprus Sotheby’s International Realty, comments:

"We continue to see growing interest in mid- and high-price range residential properties despite global uncertainties. The country’s improved credit rating and rising tourism numbers further support this trend, proving that real estate remains a solid investment for those looking at Cyprus as a promising market."

This press release is accompanied by the full Cyprus Residential Insights report, available for investors and industry professionals.