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...
As 2025 concludes, the residential landscape in Cyprus has undergone its most significant legislative and environmental shifts in decades. From the resolution of twenty-year legal battles over communal facilities to catastrophic natural events that redefined geological safety, the year was marked by 259 deep-dive reports. According to an analysis by Property News Cyprus, the following ten stories captured...
The Central Bank of Cyprus (CBC) has released its definitive year-end projections, painting a picture of an economy that remains on a steady climb despite global headwinds. According to the December 2025 report, Cyprus is expected to see its GDP expand by 3.5% in 2025, a slight moderation from the revised 3.9% growth recorded in 2024. Domestic Demand Fuels the Expansion The primary engine of this...
The Cyprus Statistical Service (Cystat) has implemented a significant technical overhaul of its quarterly House Price Index (HPI), providing stakeholders with a more refined and dependable tool for tracking real estate trends. This recalibration, which spans the period from 2016 through the second quarter of 2025, is designed to align official data more closely with actual market conditions. The...
A recent investigation by Property News Cyprus has issued a stern warning to property owners and Management Committees: relying on AI like ChatGPT for legal advice on communal fees can lead to "rubbish" results and potential legal disputes. While AI is a powerful tool, it is currently prone to "hallucinations"—generating factually incorrect information that sounds authoritative but has no basis in law....
