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Cyprus Real Estate Market Report - Fifth Edition

Cyprus Real Estate Market Report - Fifth Edition

The Real Estate Market Report provides an overview of the major economic factors affecting the industry as well as a summary of the recent trends and activity.

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Cyprus Real Estate Market Report

Fifth Edition

The Cyprus economy has experienced positive growth rates in 2015 and the expectations are that this trend will continue in 2016. Fiscal indicators are improving, the yields of the Cyprus Bonds have been reduced, while the interest for investments is rebounding. As the Cyprus economy is entering a path of recovery, the Economic Adjustment Programme entered into in March 2013 is near to its completion in spring 2016. However, there are still challenges that need to be addressed such as the high levels of non-performing loans and unemployment.

Confidence in the real estate market seems to be improving. In particular,in 2015 the total property deeds of sale increased by 10% compared to 2014, whereas the interest of foreign investors in the real estate market keeps growing, since over one quarter of these transactions involved overseas residents.

KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.

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