With the news full of details surrounding US President, Donald Trump, and his trade war with China, Europe and other regions, it is understandable that some may be concerned about the effects on the Cyprus economy, in particular, the real estate market.
But should we be concerned, or hopeful? Some experts say that if the trade war continues, it could eventually slow down the market, meaning fewer new investments and lower property prices. But many others believe that real estate is far more unpredictable than options such as stocks or bonds, making it a good long-term investment, even in uncertain times.
George Mouskides, Vice President of the Property Owners Association and CEO of Fox Estate, acknowledged the inevitable effect on the property market, but that it may not necessarily be in a negative way.
“Real estate is considered a low-risk investment. If people become wary of putting money in to traditional markets like stocks and bonds, they might turn to property instead, which currently offers more security.”
