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The Cyprus Property Market has continued to show its strength for 2021. Despite the lockdowns and travelling restrictions of last year, the housing market has remained stable with a positive outlook on sales, particularly in the region of Pafos.
According to the Department of Lands and Surveys, Pafos has shown an increase in sales highlighting the regions potential and investment interest from locals and foreigners. Pafos boasts many residential and commercial developments already underway, making the region a significant business and tourism destination with unique features and infrastructure.
The island’s excellent handling of the pandemic, low interest rates, and gradual lifting of travel restrictions has placed Cyprus back in the spotlight with experts predicting 2021 will see an increase in property sales that will accelerate into 2022.