The cost of building in Cyprus continues to see a moderate upward trend, with the Construction Materials Price Index rising by 1.28% during the first eleven months of 2025 compared to the same period in 2024. According to the latest figures from the Cyprus Statistical Service (Cystat), while the overall year has been marked by growth, the most recent monthly data shows a slight cooling in material...
A recent European Commission report, "Housing in the European Union: Market Developments, Underlying Drivers, and Policies", has highlighted a significant disconnect in the property market. While the trend is observable across the continent, Cyprus stands out as a primary example of how limited residential supply and high demand are pricing out local citizens. According to a summary by Property News...
Cyprus experienced an exceptional surge in winter tourism this year, with November arrivals climbing by 30.4% compared to the same month in 2024. According to fresh data from the Statistical Service (Cystat), the island welcomed 234,580 visitors in November, a significant increase from the 179,941 recorded last year. This late-season spike has pushed the total visitor count for the first eleven months of...
The landscape of Cypriot construction is undergoing a significant transformation. While the total number of building permits issued between January and August 2025 has decreased, the scale, value, and intended density of these projects have surged. According to the latest data from the Cyprus Statistical Service (Cystat), this trend indicates a market pivot toward larger, high-value residential and...
Interest rates in the Cypriot banking sector showed subtle mixed movements in October 2025, according to the latest statistics from the Central Bank of Cyprus (CBC). While the cost of new mortgages and corporate loans experienced a slight upward tick, the average interest paid on both household and corporate deposits registered a marginal decrease. Lending Rates: Slight Increase in Borrowing Costs The...
The Cyprus property market maintained a strong upward trajectory in the third quarter of 2025, with the Residential Property Price Index (RPPI) recording a 5% annual increase, accelerating slightly from the 4.7% rise seen in the second quarter. Data published by the Central Bank of Cyprus (CBC) highlights a clear divergence in property type, with apartments becoming the primary growth engine amid a notable...
Following two decades of advocacy and legal uncertainty, Cyprus has formally enacted the Swimming Pools Law of 2025. This landmark legislation introduces a tiered classification system that replaces the outdated "one-size-fits-all" approach, significantly easing the regulatory burden on residential complexes while establishing modern safety and hygiene protocols. Management committees and property owners...
Cyprus is poised to debate the introduction of a new "Mansion Tax" targeting high-value properties, following a similar move announced in the UK. The proposal, put forward by AKEL MP Stefanos Stefanou, seeks to impose an annual tax of one per thousand (0.1%) on all immovable property valued at €3,000,000 or more. The draft bill is anticipated to be discussed in the House of Representatives early in the...
Cyprus has claimed the top position in a newly released global index identifying the best countries for purchasing a holiday home. The study, conducted by Australian comparison platform Compare the Market, analyzed more than 50 international destinations, placing the Mediterranean island ahead of well-known favorites like Greece, Italy, Malta, and Spain. The island achieved an impressive overall score of...
Cyprus’s property market is witnessing its most significant influx of international investment in over 15 years, with foreign buyers accounting for a record volume of sales contracts. According to figures published by the Department of Lands & Surveys, November 2025 sales were up 7% compared to the previous year, solidifying 2025's position to become the most active year for sales since the...
