Cyprus Economy & Real Estate Updates Q1 2020
We are delighted to welcome you to the nineth 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 first quarter of 2020, including but not limited to sales transaction activity, real estate price evolution, construction activity levels etc. COVID-19 pandemic and the strict measures introduced to limit the spread of the virus, have led to sudden reductions in activity across many sectors. One of these sectors is Real Estate, as property transactions require a lot of in person interactions. The coronavirus’s ultimate impact on real estate markets will largely depend on the length of the outbreak and whether there is a quick recovery (with a return to overall social and economic stability) or a more extended one.
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.