Traditional housing no longer enough to meet Cyprus demand, experts warn - Cyprus Mail
Summary
Experts in Cyprus warn that traditional housing isn't meeting the rising demand. This suggests a potential opportunity for short-term rentals to fill the gap in accommodation. The shift signals a potential growth in the STR market, necessitating adaptation from hosts.
Key Insights
- •Traditional housing is no longer sufficient to meet the demand in Cyprus.
Action Items
- ✓Hosts in Cyprus should consider the market trends to assess the opportunities for entering or expanding their STR businesses.Effort: lowImpact: medium
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