Data released by the Central Bank of Cyprus (CBC) reveals a period of relative calm for the island's banking sector in February 2026. Interest rates for both savings and mortgages remained largely stable just weeks before the outbreak of regional conflict and the European Central Bank’s (ECB) decision to pause rate hikes. Market analysts suggest this stability provided a brief window of predictability...
In the wake of recent structural issues in the Limassol district, the Real Estate Development Association (SAA) has emphasized the importance of finalizing a modern legal framework for communal properties. The association is advocating for the swift passage of the 'Management of Shared Buildings and Related Issues Law,' viewing it as a critical step toward ensuring long-term safety and structural integrity...
In a proactive move to safeguard the island’s most precious resource, the Government of Cyprus has introduced a landmark legislative package designed to bring existing water infrastructure into a modern, regulated framework. The 'Integrated Water Management Law' of 2026 offers a path toward legitimacy for thousands of unlicensed wells and boreholes, transforming a long-standing challenge into an...
In a move to preserve the historic character of Limassol’s Old Port while supporting local commerce, the Limassol District Local Government Organization (EOA) Aesthetic Control Committee conducted a specialized site visit on Wednesday. The inspection was designed to break the deadlock on pending planning permits and establish a streamlined licensing process for businesses in the area. Working in tandem...
New data released by the Central Bank of Cyprus (CBC) reveals the massive scale of debt currently sitting outside the traditional banking system. As of December 31, 2025, Credit Acquisition Companies (CACs) held a total of €19.35 billion in loans, with a staggering 94% classified as non performing loans (NPLs). This semi-annual report is part of a transparency initiative by the CBC to provide a clearer...
Speaking at the Nicosia Economic Congress, Interior Minister Konstantinos Ioannou outlined a high priority roadmap to transform Cyprus’ construction and real estate sectors. The government’s strategy centers on cutting red tape, digitizing the Land Registry, and utilizing aggressive urban planning incentives to address the island's housing shortage. The Minister described the land development sector...
The Cyprus real estate market maintained its upward trajectory through the end of last year, with residential property prices rising by 6.0% annually in the fourth quarter of 2025. However, the latest data from the Statistical Service of Cyprus suggests the market is entering a phase of normalization, as quarterly growth remained flat compared to the previous three month period. The House Price Index...
Following a marathon session of the House of Representatives, the future of Cyprus’s foreclosure framework now rests with the Presidency. While lawmakers recently approved a sweeping series of measures including 10 legislative proposals and two government bills, questions regarding their constitutionality and fiscal impact have left several key regulations in a state of uncertainty. President Nikos...
In a landmark session marked by intense political debate, the Plenary Session of the House of Representatives has approved a comprehensive suite of 12 new legal measures designed to shield homeowners and small businesses from the risk of foreclosure. The legislative package, consisting of two government bills and 10 member proposed laws, fundamentally reshapes the power balance between financial...
The Federation of Cyprus Building Contractors Associations (OSEOK) has sounded the alarm over a critical lack of personnel that is currently stalling both public and private infrastructure projects across the island. During a high level summit held on April 2, 2026, industry leaders met with government ministers to demand an immediate and functional framework for hiring labor from third countries. Stelios...
