In this article we’re looking at some of the key trends in the Cypriot property market in 2024 – and why now is the perfect time to make a move and invest!

Cyprus continues to be a sought-after destination for all types of buyers looking for a fantastic location in the heart of the Mediterranean, a vibrant culture and spectacular weather. Alongside residential property, the commercial property sector is thriving, with an aspirational business community and strengthening economy that makes the island an attractive location for all types of organisations.

Sustainable growth and secure investment.

Thanks to a combination of a dynamic and diverse economy, enhanced by schemes that the government has put in place to encourage investment and development, property prices are continuing to grow sustainably, ensuring that investments increase in value steadily. As such, Cyprus continues to uphold its reputation as one of the top places to purchase property to ensure a good return on investment.

Diverse locations for laid-back living.

Cyprus continues to offer something for everyone, with a wide range of property types, from luxury villas through to holiday apartments. Coastal locations are set to continue growing in popularity, with sustainable living at the heart of many new developments, with remote working and a more outdoor-focussed lifestyle impacting style and space.

As the economy remains consistent and moves in an upwards trajectory, our cities continue to development into thriving hubs of commerce and community. Properties in vibrant neighbourhoods around Nicosia are in demand, whilst the quieter suburbs provide space for larger villas and family living – the best of both worlds for those working in the city seeking a quieter lifestyle.

Captivating commercial property.

With an ongoing drive to attract international business investment, there has been a continuing rise in demand for stylish, modern and highly functional commercial spaces that tick all the boxes for businesses looking to grow. Technology and sustainability are key, with developers creating high-tech buildings and investing in updating existing spaces for the modern workplace. Whether in the city or more rural and coastal areas, there is a huge choice for businesses looking to relocate!

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If 2024 is the year that you decide to make a move in Cyprus, then Altia is here to help! We are the fastest growing property company and with hundreds of property and land opportunities to choose from, we are your experts in helping find the perfect one for you.