Technology has rapidly transformed the property market in Cyprus in recent years.
One of the main trends has been the use of virtual tours and modern digital tools to sell homes. Buyers can now view properties remotely without having to travel to the island, which is particularly popular with foreign investors.
Where potential buyers used to rely on photos and video presentations, they can now 'walk through' the property in 3D. Special cameras are used to create 360-degree panoramas, and interactive models allow you to examine every corner of the room. Some developers offer buyers virtual showrooms where they can try out interior solutions, choose finishes and furniture.
According to Cypriot experts, the demand for virtual tours has increased in the last year. Clients from Europe, Russia and the Middle East who want to invest in property in Cyprus but cannot always visit in person are taking advantage of this opportunity. Many argue that the millennial generation, who currently make up more than two thirds of the market, are setting new standards in the property market. These are people born between the early 80s and the late 90s. This generation has adapted to technology.
It should be noted that digital technology makes buying a home in Cyprus more convenient and faster, and virtual tours are already becoming a new standard in the local property market.