Limassol, Cyprus. Cyprus is seeing international demand shift from pure investment interest toward relocation, lifestyle and long-term presence, according to the Cyprus Property Developers Association.
Comments after RealtyOn Conference
Speaking after the RealtyOn Conference in Limassol, which he described as the biggest annual conference for real estate professionals in the country, association chairman Yiannis Misirlis said the current trend goes beyond capital seeking stability during uncertainty.
Misirlis said international investors are “no longer looking solely for investment opportunities,” adding that they increasingly “come to stay, to live, to operate and to grow in the comfort of the European environment.”
Lifestyle and remote work as key drivers
Misirlis said geopolitics and efficiency remain factors, but that “the real driving force behind it all is lifestyle, safety and the freedom provided by remote work.”
Changing buyer profile and sector response
Misirlis said that five years ago the industry’s main challenge was balancing the needs of foreign investors focused on yields and capital appreciation, but that today clients are also asking whether they can live and work effectively in a property.
He said the evolving buyer profile prioritises education, healthcare, infrastructure and a sense of community, requiring the real estate sector to broaden its focus beyond units and pricing toward creating communities through mixed-use developments and sustainability.
How important are education, healthcare and community amenities in your decision to live and work in a new place?