Panos Danos News Today

The Cyprus real estate market remains robust and is on track to becoming the best-performing year since 2008, according to Danos/BNPRE Group.

The Cyprus real estate sector is unsure how recent developments in the Middle East will affect the immediate future of the property market.

Despite real estate sales in Cyprus reaching €5.85 billion in 2022, estate agents expect a challenging year ahead due to a number of factors.

Industry pundits believe that the Cyprus real estate sector will stabilise after hitting a record number of sales since 2008.

It is predicted that local investment in real estate will keep growing in search of good yields in an environment of low interest rates.

Pandemic hits holiday home rental prices your username February 23, 2021 The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus is no exception, according to Panos Danos, CEO of Danos & Partners Real Estate. Rental prices this year are expected to drop even further than in 2020 during which those were low enough compared to the year before, he told Philenews. A temporary sharp drop in prices is expected to be recorded in the coastal districts o...

Construction sector feeling the squeeze January 31, 2021 The sector is relying on housing developments and offices for companies attracted to Cyprus post-Brexit. Although the sector is in for a turbulent year, experts say it can be saved by housing demand, especially in the Nicosia and Famagusta district while authorities try to convince large firms with UK bases, to relocate to Cyprus. Construction saw its overall activity decline in October with approved building permits dropping 15.5% to 58...

Real Estate Outlook 2021: Focus shifting to new opportunities January 10, 2021 The New Year has entered with a sense of optimism as vaccines are getting more widely available to the public by the day. According to real estate professionals in Europe, 2021 is going to be a positive year for the real estate market with new opportunities for investments forecasting an explosion of pent-up demand for travel and leisure producing a period of “growth” which will accelerate in 2022. It will take a...

Our top 10 property stories in 2020 December 20, 2020 Our top 10 property stories for 2020 are set against a background of the COVID-19 pandemic, which has plunged our planet into a health and humanitarian crisis, resulting in disruptions to businesses and livelihoods, and restrictions on our personal freedoms. Cyprus Property News has not been immune to the impact of the pandemic. Our visitor numbers have fallen to just over 500,000; a 30% fall compared to last year. As we approach the festiv...