Skek cites geopolitical tensions and construction costs as property market challenges
Skek vice-president Vasilis Artemiou said uncertainty, regional tensions and rising construction costs continue to affect Cyprus’ property market.
Nicosia, Cyprus. The Cyprus Real Estate Agents Association (Skek) highlighted challenges facing the property market at the Cyprus Property Show 2026, citing geopolitical tensions, uncertainty and rising construction costs.
Representing the association, Skek vice-president Vasilis Artemiou took part in a discussion on developments, challenges and prospects for the Cyprus property market.
Market environment
Artemiou said the property market had operated in a particularly complex and constantly changing environment in recent years.
Geopolitical tensions in the wider region, international uncertainty, increased construction costs and changes in the economic environment had created and continued to create significant challenges for the sector, he said.
Role of real estate agents
Artemiou said professional real estate agents do more than bring buyers and sellers together.
“The professional real estate agent is the person called upon to guide citizens through one of the most important financial decisions of their lives,” he said.
Through its participation in the Cyprus Property Show 2026, Skek highlighted the importance of professional guidance, responsible information and reliable services for consumers.
The association said these factors were particularly important while the property market was being affected by significant economic and international developments.
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