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Cyprus property market apartments and office space dominate demand
November 4, 2021
The Cyprus property market is suffering from a misalignment between what is primarily available and what is being sought after by property seekers, a report from independent real estate asset management and advisory firm WiRE has shown.
“There is a significant mismatch between supply and demand, which is resulting in imbalances across asset classes,” WiRE CEO Pavlos Loizou has stated.
Loizou explained though there is ample supply of land, as well as industrial buildings (at times dated) and large houses available for sale on the market, the biggest chunk of demand is predominantly for apartments in central urban areas and high-quality office space.