Retail activity in Cyprus showed robust growth this past November, with the volume of goods sold significantly outperforming the actual monetary value of those transactions. According to the Statistical Service of Cyprus (Cystat), as reported by Stockwatch.com.cy, the Turnover Value Index for retail trade rose by 4.6% year-on-year, while the Turnover Volume Index—which measures the actual quantity of...
The Cypriot banking sector saw a healthy expansion in both savings and lending as 2025 approached its end. According to the latest figures from the Central Bank of Cyprus (CBC), reported by Stockwatch.com.cy, November was characterized by a substantial influx of deposits and a steady demand for new credit, particularly among local households. The data reveals that total deposits in the system reached a...
As of January 1, 2026, Cyprus has officially transitioned to a modernized tax framework following a landmark vote by the House of Representatives in late December. This reform, which represents the most significant systemic update to the nation's tax code in over two decades, aims to balance international compliance with domestic relief for families and a competitive edge for businesses. The Cyprus...
A new report from the Treasury of the Republic of Cyprus reveals a diverging fiscal landscape for the first 11 months of 2025. While actual tax collections have seen a healthy boost, the overall "implementation" of the state revenue budget has slowed compared to last year—primarily due to a significant reduction in government borrowing. Conversely, state spending is moving at a slightly faster pace than...
The Cypriot tourism sector continues its upward trajectory, with newly released data showing a significant boost in earnings for the final quarter of the year. In October 2025, the island generated €458.6 million in tourism revenue, representing a 12.4% increase compared to the €407.9 million collected during the same month in 2024. According to the latest Passenger Survey conducted by the Statistical...
As the 2026 legislative calendar begins, the Cypriot Parliament is preparing to challenge the era of unrestricted foreign property investment. On January 15, the House Interior Committee will convene to dissect three pivotal bills designed to curb the "uncontrolled" acquisition of land and housing by third-country (non-EU) nationals. This movement comes as the national housing crisis intensifies, with...
The property landscapes of Cyprus and Greece have officially entered a new era. According to Pavlos Loizou, CEO of Ask Wire, the trends observed in 2025 were not mere fluctuations but "structural shifts" that will define the market's trajectory well into 2026. Speaking on the year’s performance, Loizou suggests that the days of viewing property as simple shelter are fading, replaced by a complex model...
Cyprus has secured the top position in the European Union for the most spacious housing conditions, recording the lowest rate of household overcrowding in the bloc for 2024. This achievement, based on recent data from Eurostat, underscores the island's favorable social conditions and superior housing quality compared to its continental peers. Understanding the "Overcrowding" Metric Overcrowding serves...
After three decades of legislative stalemates and bureaucratic hurdles, the Paphos Marina project is finally moving toward a definitive conclusion. Local stakeholders and regional authorities are anticipating a formal "green light" by the first quarter of 2026, marking a transformative moment for the district’s maritime tourism. According to a report by Property News Cyprus, the Deputy Ministry of...
The traditional financial advantage of renting a home in Cyprus is rapidly disappearing. Interior Minister Konstantinos Ioannou recently informed Parliament that a fundamental shift is occurring: for many households, a monthly mortgage payment is now equal to, or even lower than, the cost of market rent. According to a report by Property News Cyprus, this "price parity" is fundamentally altering how...
