The Annual Property exhibition definitely witnessed record visitors although the official attendance figures have not yet been released / announced.

Is it merely a price correction (reductions up to -30%) that has lured consumers / prospective purchasers back to the property market ?                                                  Most in the industry feel it is this correction ……..but it is also a combination of how poorly other alternative markets are currently performing…i.e. Stock Markets / Currency Markets etc.  Making property once again, seem so much more attractive for investors.

"We did not anticipate such a turnout for this exhibition, especially since market sentiment has been very negative especially over the last 12 months. It really has come as a pleasant surprise. In fact we are now confident, based on the enquiries / leads of accomplishing significant sales in the coming weeks. Developers have become much more flexible and consumer-centric. In general the focus of this property exhibition was on affordable housing — which has been the flavour of season. We did however also have a good response for our two top end Nicosia & Larnaca Developments” Mr. Andros Andronicou – Sales & Marketing Manager.

If the exhibition’s visitors are considered a yardstick, then this may mean that at last the Cyprus Property market is finally on a revival path.