The property market in Cyprus shows remarkable resilience and is on the verge of what experts suggest will be a “golden era.” This optimistic outlook was shared at the 19th Property Development & Construction Conference and Exhibition.

During a round-table discussion titled “Cyprus Real Estate 2025 – How are values fluctuating, and what are the expectations for the future?”, participants delved into the stability, evolving investment trends, and growth expectations within the sector.

**Market Stability and Challenges**

Kikis Athinodorou, Director at Kikis Athinodorou & Associates LLC, expressed that the market is stable but pointed out a 5% capitalization issue, mainly concerning a backlog of unsold older buildings. He emphasized the importance of investing in maintenance to preserve property values and suggested considering opportunities beyond just student accommodations.

**Need for Speed and Adaptability**

Markos Christodoulou, Managing Director at IKIA RESIDENCE, recognized ongoing large-scale developments but advised proceeding with caution, especially concerning permanent residence permits. He noted a decrease in applications for this scheme and stressed the need for political cooperation to address this situation. He referenced Malta’s effective political strategies as a blueprint for Cyprus to attract international businesses.

**Ongoing Market Evolution**

Georgios Chrysochos, Director of Cyfield Group, discussed varying demand dynamics between local and international property buyers. The local clientele benefits from economic stability and favorable interest rates, while international interest remains strong. Nonetheless, he pointed out that supply isn’t keeping up with demand. Chrysochos also criticized delays in public projects, arguing that contractor inefficiencies aren’t always the cause and advocated for more autonomy for engineers involved in public works.

**The “Golden Era” of Real Estate**

According to Petros Lazarou, CEO of G&P Lazarou Estate Agents Ltd, Cypriot real estate is approaching a “golden era” spurred by Cyprus’ development as an energy hub. With the European Union moving away from reliance on Russian gas, Cyprus’ maritime zones are gaining strategic importance. Major firms are acquiring and reinvesting in properties once connected to non-performing loans, bolstering the sector.

**Larnaca’s Promising Developments**

Panikos Livadhiotis, Managing Director at L. Livadhiotis & Sons Property Developers, commended Larnaca’s robust market performance resulting from responsible banking practices. Both developers and buyers are moving forward without excessive dependence on financing. He also observed a shift from constructing high-rise buildings to smaller, more manageable projects and highlighted how artificial intelligence is enhancing communication and efficiency.

**Globalization and Future Opportunities**

Pantelis Leptos, Co-President of Leptos Group, remarked on how the pandemic has expedited real estate globalization, making Cyprus appealing to digital nomads and remote workers. He projected a GDP growth from €35 billion to €50 billion if the nation focuses on sustainability, digital transformation, and attracting talent.

Moderated by Yiannis Misirlis, President of the Cyprus Property Developers Association, the discussion confirmed strong optimism in Cyprus’ real estate sector, with experts forecasting ongoing growth and transformation.