Employment Rate = ?

One of the economic indicators in any economy is the employement rate, it is also a key indicator in the property rental market, often signaling demand.

So does Limassol have a healthy and growing employment rate?

Yes, there are excellent employment prospects in a variety of fields in Limassol. Tourism, real estate, shipping, and financial services—all significant local employers—are driving factors in the city's expanding economy.

Over 80% of jobs in Limassol and the rest of Cyprus are in the services industry, which includes the financial and tourism industries. Another big employment is the construction industry, especially in coastal locations like Limassol where there has been a lot of recent growth.

Since Limassol has a thriving startup environment and a number of multinational IT companies have established a presence in the city, there are also career prospects in the technology sector. Additionally, opportunities exist in the fields of education, healthcare. Healthcare has become a great invesment vehicle for property invesment as the National Health care service (GESY) has now beeing running succesfully for over 4 years creating a huge demand form abroad for doctors, specilaists and other health care professionals. Thus in turn has created the need for more clinics and hospitlas around the island.