Old developers are getting back in the industry and new ones are also finding their way and this is not a good sign for the market. The high demand for appropriate land has resulted in plots scarcity and increased in prices.
Jul 12, 2017
The last 3.5 years the Cyprus Real Estate Market has experienced aggressive buyers, hunting below market value properties. It used to be a BUYERS MARKET!!
The last 9-12 months it looks like we are back to Sellers Market again!
Good quality listings are on the market for just a few days. Good quality plots and flats disappear within days.
Old developers are getting back in the industry and new ones are also finding their way and this is not a good sign for the market. The high demand for appropriate land has resulted in plots scarcity and increased in prices.
M. Residence #ModernAgents will continue to keep an eye on the industry and analyze numbers in order to provide valuable figures to consumers.
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Until Next Time,
M. Residence Team