Emerging trends in Real Estate in Cyprus
Once the domain of quaint beach side properties, nestled next to fishing villages and washed over by uninterrupted warm sea breezes, Cyprus has seen rapid development in recent decades. Coupled with this, an influx of expats seeking their space in the sun and the potential of remote working in one of the most beautiful corners of the globe, has seen external influences in architecture and design slowly being integrated into the building fabric of both residential and commercial areas.
This week we dive into some of the more prominent trends that are emerging within Cyprus and the real estate development space.
Stand alone style
Photo by Sasha Cures on Unsplash
Following trends seen around the globe, Cyprus has started to see a noticeable incline towards the outlandish and unique. With commercial buildings soaring ever higher, developers are constantly trying to ensure that their work stands out and remains at the forefront of design and creativity. Swathing curves synchronised with elaborate geometrical distortions hint at an echo of architectural history whilst bringing Cyprus real estate into the 21st century. That’s not to say that quality is compromised, in fact the contrary. It appears no expense is being spared when it comes to finishing, quality materials and a subscription to modern building practices and methodology as developers flex their skills and creativity to reserve a spot on the skyline.
Build it and they will come
Photo by Courtney Cook on Unsplash
Seen as a premium location for both residents and holiday makers alike (350 days of sunshine a year has a lot to do with it), Cyprus has seen a noted increase in the demand for both long term and non-permanent accommodation. With many people wanting to forego the general maintenance requirement that comes with a larger property, there has been a noted increase in the establishment of resorts for residential occupation. Manicured lawns and well maintained facilities such as pools, golf and other sports facilities are a temptation few can avoid, with a variety of options being offered up for all budget levels.
Home improvement
Perhaps the most noticeable trend though, seems to be the move to expand properties in Cyprus that are already established in their own right. Properties that have traditionally benefited from large open spaces in addition to the buildings that sit on them are starting to see expansion on a scale not seen before.
Be it the growth of families, a desire for extra storage, or even just a dream of having a space for solitude and quiet, home extensions and annexes are popping up more frequently than sun loungers on the Limassol strand. The major benefit in these, is the multipurpose nature of these spaces and what they can provide. From Private gyms, to extra guest rooms, all the way through to a personal home pub, Cyprus property owners are maximising their space and in so doing, gradually increasing their property value as well.
These indicators of growth within the residential market reinforce the opinion that the Cyprus property rental market is growing steadily. With access to some of the most prime residential and commercial property in Limassol, QuickLets is ideally placed to help you capitalise on these current trends. Scroll through our extensive list of properties and you will see why we are the only agent you will need for your rental requirements.