The Ministry of Finance anticipates a period of consistent, albeit slightly decelerating, economic expansion for Cyprus over the next four years, alongside a notable reduction in public debt. According to the June 2024 edition of their "Strategic Framework for Fiscal Policy 2026–2028," the Ministry projects a GDP growth rate fluctuating between 2.9% and 3.1%. Furthermore, a significant decrease in public...
Larnaca has emerged as the frontrunner in Cyprus’s property market for the first quarter of 2025, posting the strongest increases in real estate values across multiple categories, according to the latest RICS Cyprus Property Price Index, prepared in collaboration with KPMG in Cyprus. The data indicates that office spaces in Larnaca experienced the most notable surge in value, while residential...
Cyprus recorded a substantial increase in tourism revenue during the first quarter of 2025, highlighting a robust start to the year for one of the country’s key economic sectors. According to data released by the Cyprus Statistical Service, tourism revenue between January and March reached €278.3 million, up from €223.3 million during the same period in 2024. This represents a year-on-year growth of...
Cyprus’ real estate sector just got a major confidence boost—passenger traffic at Larnaca and Paphos airports crossed 4 million in the first five months of 2025, a historic milestone. This 12.02% year-over-year increase signals more than just tourism growth—it reflects rising international interest, better connectivity, and a stronger case for property investment in Cyprus. Airport Growth In May...
There’s been a notable shift in Cyprus' financial landscape this April, as the latest figures from the Central Bank of Cyprus (CBC) show a dip in both deposit and lending interest rates, making it a potentially smart moment for buyers and borrowers to consider their options. Lower Interest Rates = Good News for Borrowers Let’s start with the silver lining: borrowing just got a bit more...
Big news for anyone eyeing a home in Cyprus: the property market is heading into a new era of affordability and opportunity. President Nikos Christodoulides recently shared that thanks to a growing supply of new housing developments, both rental and purchase prices are expected to ease in the coming years. A Market Designed to Benefit Buyers The announcement came during a dinner hosted by the Cyprus...
Cyprus’ residential real estate sector kicked off 2025 with impressive momentum, as both the number and value of property sales surged during the first quarter. This is according to a new report published by Landbank Analytics, based on official data from the Department of Lands and Surveys. Off-Plan and Under-Construction Properties in High Demand From January to March, a total of 1,368 contracts were...
The Cypriot property market continued its upward momentum in May 2025, delivering the strongest monthly sales performance in over a decade. Data from the island’s Land Registry reveals that real estate activity is not just bouncing back—it’s accelerating. Sales Hit a 17-Year High In May alone, 1,664 property transactions were filed—a number not seen since May 2007, when 2,097 contracts were...
Cyprus is proving its tourism power yet again, ranking second in the EU for overnight stays by international visitors in the first quarter of 2025. According to newly released data from Eurostat, 85.7% of all tourist accommodation stays in Cyprus between January and March were booked by foreign guests—putting the island just behind Malta (91.2%) and ahead of Luxembourg (80.4%). This is well above the EU...
Paphos has officially outgrown its reputation as just a scenic seaside escape. The coastal town is now a magnet for serious property investment, and the numbers don’t lie. In 2024 alone, Ask Wire recorded 4,853 property transfers in the region, hitting a record-breaking total of €1.19 billion—nearly 30% higher than the pre-COVID boom. Foreign capital is pouring in, with overseas buyers snapping up...
