Cyprus Real Estate Agents Association (Skek) president Christos Nicolaou participated in a roundtable discussion at the 20th Property Development & Construction Conference & Exhibition, which took place on March 17.

Nicolaou, who leads an association affiliated with the Cyprus Chamber of Commerce and Industry (Keve), joined a panel discussing the Limassol real estate market over the next decade.

The discussion focused on developments and prospects in Limassol’s property market, emphasising the main trends shaping the sector and the challenges and opportunities expected in the coming years.

Participants examined issues concerning the dynamics of Limassol’s real estate market, the trajectory of the luxury development sector in residential and commercial properties, and the sources of demand from local and international buyers.

The panel also addressed matters related to affordable housing, the market outlook for homes and commercial spaces, and the role of local government in urban planning and city development.

The discussion included Limassol district local government organisation (EOA) president Yiannis Tsouloftas, Limassol mayor Yiannis Armeftis, and representatives of land development companies operating in the district.

Speakers highlighted the importance of dialogue between stakeholders and the critical role of the property market in shaping Limassol’s development trajectory in the coming years.