Cyprus rental costs surge by 9.3 per cent — Limassol sees highest property price increases

Property values in Cyprus marked an increase during the first quarter of 2024, compared to the same period during the previous year, according to a report released on Friday by real estate analytics firm Ask Wire.

Ask Wire CEO Pavlos Loizou said that “geopolitical tensions and unrest in the region continue to influence overseas real estate demand, accelerating the pace at which prices are affected“.

“Additionally, high mortgage rates are likely to persist, diminishing locals’...