Cyprus Economy & Real Estate Updates Q3 2020
We are delighted to welcome you to the eleventh edition of our Real Estate market report ‘Cyprus Economy & Real Estate Updates’. This publication provides general information about Cyprus economy as well as an extended analysis for the performance of the Real Estate sector during the period January – September 2020, including but not limited to sales transaction activity, real estate price evolution, construction activity levels etc.
The COVID-19 pandemic has caused a deep economic downturn to almost every country so Cyprus Economy and Real Estate Market couldn’t be unaffected. However, the extent to which the COVID-19 will affect the Cyprus Economy and Real Estate market is still unknown and will largely depend on the duration and the severity of the global crisis as well as the economic response of the government. In General, we believe that the impact of the crisis on Cyprus Real Estate will be transient as economic fundamentals are solid and Cyprus maintains its attractiveness as an investment destination for Real Estate.
With the world around us rapidly evolving, LGA continues to adapt to our client’s developing needs and aspirations for high quality service. Our professionals strive to consistently deliver levels of service and success beyond our clients’ expectations.
We hope you find the contents of the report interesting and valuable.