PwC Cyprus has launched its latest Cyprus Real Estate Market publication, which provides insights on the performance of the sector during 2021, demonstrating strong signs of recovery, despite the disruption caused by the pandemic and the termination of the Cyprus Investment Program (“CIP”), as of 1 November 2020.
According to PwC’s analysis, total transaction value reached €3,8bn during 2021, recording an annual increase of 26% (-14% drop compared to 2019). In terms of volume, properties transacted during 2021 reached 19.100, up 32% on the previous year and even surpassing 2019 levels by 11%, driven by a surging domestic demand.
