The interest rate for consumer credit in Cyprus dropped to 6.77% in May 2025, according to data released by the Central Bank of Cyprus (CBC), reflecting a modest easing in borrowing costs for households. In addition to the dip in consumer lending rates, the CBC also reported a notable decline in large-scale corporate borrowing. Specifically, new loans issued to non-financial corporations for amounts...
Banks have now emerged as the most powerful players in shaping Cyprus’ property landscape, overtaking the government, according to the latest annual real estate survey by EY Cyprus. As reported by Philenews, the property market is still largely fueled by foreign interest—particularly from Israel, the United Kingdom, and various regions across Europe and the Middle East. Much of this demand continues...
Residential property values in Cyprus maintained their upward trend in the first quarter of 2025, according to early figures released by the Statistical Service. The House Price Index (HPI) reached 113.71 points (with 2021 as the base year), reflecting a 2% year-on-year increase compared to the same quarter in 2024. This steady rise underscores the resilience of the housing market amid broader economic...
Residential property prices in Cyprus continued to climb during the first quarter of 2025, according to new data from the Central Bank of Cyprus (CBC). The latest figures show that while overall growth in real estate values remains strong, there is a noticeable shift in momentum—house prices are gaining pace, while apartment price increases have begun to taper off. The Residential Property Price Index...
Cyprus recorded robust revenue growth in the first five months of 2025, while keeping a steady grip on government spending, according to data from the Treasury of the Republic. From January to May 2025, total government income reached €3.61 billion, marking an 8% rise compared to the same period in 2024 (€3.33 billion). This jump is largely thanks to a €140 million surge in direct tax collections...
Cyprus saw a major boost in its tourism earnings this spring, with revenue from the sector climbing 39.9% in April 2025 compared to the same month last year, according to the latest figures from the Statistical Service of Cyprus. Tourism-related income for April reached €304.2 million, a sharp rise from €217.4 million in April 2024. This upward trend extended across the first four months of the year,...
A fresh legislative update passed unanimously by the Cyprus House of Representatives on Thursday is expected to offer long-awaited relief to nearly 9,500 property buyers who’ve been caught in legal limbo—having paid for their properties in full but left without title deeds due to outstanding developer debts. According to a statement from the Interior Ministry, the new law is designed to restore...
Cyprus experienced a 3.0% year-on-year increase in industrial production for April 2025, according to newly published data by the Cyprus Statistical Service (CyStat). The Industrial Production Index reached 110.3 points (with 2021 as the base year), continuing a steady upward trend observed since the beginning of the year. For the first four months of 2025, overall industrial activity rose by 3.8%...
Cyprus’ Composite Leading Economic Index (CCLEI) climbed 2.3% year-over-year in June 2025, marking its third straight month of growth, according to data released by the University of Cyprus’ Economics Research Centre (CypERC). While the index remains in positive territory, the latest figures suggest that economic momentum is beginning to ease. Compared to stronger annual gains of 3.1% in April and...
Source: stockwatch.com.cy Economic sentiment in Cyprus dipped slightly in June 2025, with the Economic Sentiment Indicator (ESI) falling by 0.8 points compared to May, according to the latest Business and Consumer Survey from the University of Cyprus’ Economics Research Centre. This decline reflects weaker business confidence across most sectors—except for construction, which remains a rare bright...
