The new reality since the lockdown in Cyprus is that all sectors of the real estate market have come to a standstill and many transactions already agreed in principle or even midway through have been frozen or postponed.
The housing market in Cyprus is set to slowdown in the medium term following a reduction in the number of sale contracts deposited at Land Registry offices during the second half of 2019.
The Cyprus real estate market is changing faster than ever and its predicted that the positive trend will continue as the market is constantly developing and becoming more attractive to global investors.
The PwC Cyprus Real Estate Market review for the 1st half of 2019 reveals that a quarter of all property transactions took place in April, just before stricter criteria were introduced for those applying for citizenship.
