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The latest May reports recorded an overall 5% increase in sales, but the real highlight was the explosive demand from European Union citizens. This category of buyers sparked a local boom on the island, increasing their transactions by a full one-third.
Higher global building material costs and growing demand from investors from Israel and Dubai have driven property prices in Cyprus up by 10%. As a result, affordable rentals have become scarce in Larnaca and Paphos, while many local Cypriots are moving to Nicosia’s suburbs or opting for smaller homes.
You will receive a personalized selection of properties in Larnaca from trusted agencies and developers – fast, convenient, free
