Key Market Indicators
The Cypriot real estate market is projected to generate approximately €233 million in revenue by 2028. This marks a modest increase from the €225 million expected in 2023, reflecting a compound annual growth rate (CAGR) of 0.5%. Since 2010, the Cypriot real estate sector has experienced an average annual growth rate of 4.5%. Despite this steady growth, Cyprus was ranked 32nd in the global market in 2023. Serbia has recently surpassed Cyprus, reaching the same revenue estimate of €225 million. In the broader European context, France, the United Kingdom, and Sweden have emerged as the top players, holding the second, third, and fourth positions, respectively.
