Cyprus real estate needs a rethink

By Jonathan Shkurko and Andrew Rosenbaum

Real estate is still a critical sector for Cyprus, but recent changes suggests that the sector needs a rethink. A report from PwC, along with comments from industry leaders, suggest new directions.

Real estate is still the fastest-growing sector in Cyprus, and, despite the pandemic, it still increased its contribution to Gross Value Added (GVA) by 4  per cent to 17 per cent during the 12 months to 30 June 2020, according to the recently released PwC report “Cyprus Real Estate Market H1 2020.” […]

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