Covid-19: The Effects on Real Estate Industry

Direct and Long-Term effects of the Covid 19 Pandemic on the Real Estate Sector

The property market potential has already changed greatly for many industry players. The outlook for property prices over the next two to three years would have been very different due to low inflation, low-interest rates (housing/commercial) and high rents presented in the last year in Cyprus.

However, the rapid spread of Covid-19 worldwide has directly changed the investment risk curve, since the purchase of Real Estate which is one of the investment priorities of Cypriots will be one of the first decisions to be put on hold in the event of social and economic uncertainty.

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