The Cypriot economy demonstrated strong baseline fundamentals in the first half of 2026, driven by solid domestic consumption, robust real estate expansion, and stable fiscal management. Cyprus maintained a positive 3.0% annual GDP growth rate in the first quarter, backed by a strong fiscal surplus of €420.3 million (1.1% of GDP). While traditional foreign-facing industries like inbound tourism adjust...
Rising housing costs across major urban centers in Cyprus have brought the controversial issue of statutory rent caps back to the forefront of parliamentary debate. With young families, low income earners, and local workers struggling to secure affordable living space, lawmakers are divided on whether direct state intervention in lease agreements offers a viable solution or risks crippling property supply...
The Cyprus Hotel Association (STEK) has expressed support for updating the regulatory framework governing short-term holiday rentals, advocating for balanced measures to ensure a level playing field across the island’s hospitality sector. The association’s call for reform follows the publication of an Audit Office report, which highlighted inconsistencies in the licensing and oversight of both...
Cyprus can best resolve its current housing difficulties by actively boosting the supply of available properties rather than introducing restrictive market regulations, according to a written briefing by Polys Kourousides. Kourousides, who heads the Interior Portfolio of the Government Project Monitoring Council and serves as a special advisor on housing policy, identified access to affordable housing as...
The Cypriot real estate sector has shattered historical milestones, locking in its most successful month of June since records officially began 26 years ago. Driven by a powerful blend of local acquisitions and international investments, the market continues to exhibit remarkable resilience and growth. According to the latest figures published by the Department of Lands and Surveys, a total of 1,964...
New data shows that the financial burden on property buyers and developers in Cyprus continued to climb during the first quarter of 2026, even as actual construction volumes slowed to a near-flatline. According to a report issued by the Statistical Service of Cyprus (CYSTAT), significantly high price inflation is outpacing the sector's physical productivity gains. Key Index Performance (January–March...
The Cypriot property market wrapped up the first half of 2026 with powerful upward momentum, smashing previous transactional baselines as nationwide property sales jumped 14.6% year on year. According to the newest official registries from the Department of Lands and Surveys, a total of 10,007 contract of sale documents were formally processed across the island’s district offices between January and...
The European Union’s broader external economy strengthened in the opening months of the year, even as localized trade dynamics showed a mix of sharp surpluses and widening deficits. According to data originally reported by Stockwatch.com.cy, the seasonally adjusted current account surplus for the entire EU climbed to €113.4 billion during the first quarter of 2026. That performance brings the bloc's...
The long awaited transformation of Larnaca’s coast is moving into its most decisive phase. The Cyprus Ports Authority has finalized its comprehensive master plan and implementation roadmap. This strategic blueprint outlines the exact timelines, investment structures, and zoning parameters for the city’s major maritime gateway. The primary operational goal of this roadmap is absolute stakeholder...
