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Why Cyprus is the hottest real estate market in Europe
June 27, 2023
Thanks to its gorgeous scenery, crystal-clear waters, and idyllic climate, Cyprus has always been a popular destination for global real estate investors. But, with remarkable transactional levels and promising projections for capital appreciation, there’s also never been a more perfect time to invest in this luxurious Mediterranean location!
In 2022, the island’s real estate market exceeded all expectations, proving that anyone looking for the best place for property in Europe will find a host of reasons to invest in Cyprus. Transaction activity reached a record-high of €5.2 billion in value – a 27% annual increase. And the number of properties transacted during the year was in excess of 22,500 – a total that’s not only up 12% from 2021, but also surpassed pre-pandemic peak levels by nearly a third.