Homeowners in Cyprus facing financial distress have been handed a vital lifeline after the Ministry of Finance announced a two month extension for the government backed Mortgage to Rent Scheme. Originally slated to close on July 31, 2026, the application window has now been pushed to Wednesday, September 30, 2026, following a sudden surge in public participation. Key Program Metrics &...
Driven by strong double digit activity across key coastal hubs, the Cypriot property market generated 12,047 transaction deposits through the end of July 2026, a 14.1% increase over the 10,561 filings registered during the same timeframe in 2025. Data released by the Department of Cadastre and Surveying confirms sustained momentum, with single month national filings climbing 11.4% year on year to hit...
Homeowners, real estate buyers, and institutional investors in Cyprus are being urged to treat automated property valuation tools with caution. The Cyprus Association of Property Valuation Professionals (SEEAK) issued a comprehensive public advisory warning that digital algorithms and online estimation platforms cannot replace professional, physical appraisals conducted by licensed experts. While...
While overall performance metrics suggest a calm real estate environment across Cyprus during the first half of 2026, underlying transaction patterns reveal sharp contrasts between regions, asset types, and buyer financial boundaries. According to market intelligence published in the July newsletter by real estate analytics firm Ask Wire, the nation recorded 8,313 residential property transfers valued at...
A centralized web portal designed to simplify energy upgrades for building owners and managers is officially active, launched by the Energy Service under the Ministry of Energy, Commerce and Industry. As highlighted in a statement by the Employers and Industrialists Federation (OEB), the newly established Digital One-Stop Shop gathers financing instruments, technical advisory resources, and administrative...
A total of €238.2 million in state funds was distributed to major construction firms and joint ventures across Cyprus in 2025, according to official expenditure figures published by the General Accounting Office of the Republic. The newly released report details all individual government disbursements exceeding €1 million made by ministries, deputy ministries, departments, and public services to...
Following a key consultative session with municipal leadership and regional authorities in Nicosia, the Scientific and Technical Chamber of Cyprus (ETEK) has reaffirmed its pledge to deliver technical expertise and strategic guidance to help local governments navigate administrative and operational challenges. The summit was led by ETEK Chamber President Konstantinos Constantis and featured members of...
In a bid to balance public safety with the preservation of Cyprus’s architectural legacy, the Scientific and Technical Chamber of Cyprus (ETEK) has formally submitted a set of technical recommendations to the District Local Government Organizations (EOA) across Nicosia, Limassol, Larnaca, Paphos, and Famagusta. The move follows recent building collapses that tragically resulted in lost lives,...
The Cypriot banking system experienced robust growth across both liquidity and lending activities in June 2026. According to figures published by the Central Bank of Cyprus, net monthly inflows for both total deposits and credit expansion accelerated significantly compared to May. Deposit Accumulation: Corporate Capital Drives Growth Total deposits held in domestic financial institutions swelled by...
While Cyprus continues to stand out as one of the Eurozone's stronger economic performers in the newly released "Euro Area Stability Watch 2026," a closer examination of underlying metrics from the European Stability Mechanism (ESM) reveals mounting long term pressures on the island's public finances. The quantitative breakdown and risk models published by the ESM highlight that existing fiscal buffers...
