CyprusCyprus property market faces oversupply and affordability issues
A CEO warns of a growing imbalance in Cyprus' property market, with a surge in building permits potentially leading to pressure from 2027-2028 due to local buyers' affordability constraints.
Background
Cyprus has experienced significant growth in its property sector, often driven by foreign investment and schemes designed to attract non-EU citizens. This trend has contributed to rising property values, creating challenges for local residents seeking affordable housing.
Quorum · collective opinions
Cyprus property market faces risk of oversupply and affordability issues
First report 18h agoLast update 1h agoThere is a concern about an imbalance between new constructions and local buyer affordability, with future market pressure anticipated from increased building permits.
The property issue in Cyprus, historically deferred, needs a resolution, with one suggestion being for Turkish Cypriots to reclaim rights within the Republic of Cyprus.
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