Cyprus Real Estate Agents Association addresses market challenges at 2026 property show

During the Cyprus Property Show 2026, the Cyprus Real Estate Agents Association (Skek), affiliated with the Cyprus Chamber of Commerce and Industry (Keve), addressed the current state and future prospects of the domestic real estate sector. Vice-president Vasilis Artemiou represented the association, emphasizing the complexity of the market environment over the past several years.

Artemiou identified several primary challenges impacting the industry, specifically citing ongoing geopolitical tensions in the region, broader international economic uncertainty, and significantly increased construction costs. He argued that these factors have created a difficult landscape for market participants, necessitating more than just basic mediation services.

Highlighting the evolving professional standards, Artemiou stated that real estate agents must now act as key advisors to the public. He described the role as essential for guiding citizens through one of the most significant financial decisions in their lives, moving beyond the traditional function of simply connecting buyers and sellers. The discussion at the event served as a platform for professionals to analyze the shifting economic variables that continue to shape the sector's trajectory.