Challenges in the Real Estate Market Due to Workforce Shortage
October 29, 2026
The real estate market is facing serious challenges due to a lack of workforce. Many contracting companies struggle to find Cypriot employees and end up hiring foreign workers. The departure of Syrian and Turkish-Cypriot laborers has worsened the situation. There was an attempt to recruit workers from Egypt, but strict conditions hindered the process. The labor shortage complicates the completion of construction projects and the increase of housing supply in the market.