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Cyprus’ high-end property market grows 12.6% y-o-y in H1
August 10, 2023
The high-end property market in Cyprus saw impressive growth in the first half of 2023, with transactions totaling 1,757 and accounting for 27% of the total number of transactions - demonstrating an increase by 12.6% year-on-year, according to Cyprus Sotheby’s International Realty’s quarterly report “INSIGHTS” on Cyprus’ Residential Real Estate market.
According to Cyprus Sotheby’s survey, the top EU countries buying property in Cyprus were Germany (23%), Austria (14%), Poland (8%) and Greece (8%). “Looking at non-EU buyers, Russians continue to be the leader with 24% market share, followed by Israel (21%), Ukraine (17%) and Great Britain (12%),” it said.