These are exciting times for Cyprus. The island’s rejuvenation continues into the spring of 2018 with good news on the economic and homes fronts. Property news in Cyprus includes exciting new waterfront developments. One potential new arrival, however, is making the locals distinctly nervous!
International buyers can’t seem to get enough of property in Cyprus right now. The latest data shows Paphos, Limassol and Famagusta are all experiencing increased interest from foreign investors, thanks to new projects, an improving economy and better flight links.
The same year that Paphos celebrates being European City of Culture, the town and its wider province are helping to drive tourism and property sales in Cyprus.
The number of property transactions in Cyprus has risen sharply, as more and more overseas buyers head to the island. Great news for anyone with an eye on the long-term investment potential of their home.
Property in the Republic of Cyprus as a whole rose fractionally in late 2016, the first such rise since 2009. Led by Paphos, the recovery of Cyprus as a property buying hotspot looks assured, as plans for new developments begin to take shape.
