Cyprus kicked off 2025 with a healthy budget surplus of €619.1 million, according to early data from the Statistical Service of Cyprus (CyStat), reported by Stockwatch.com.cy. This marks a growth of 7.5% compared to the €575.7 million surplus recorded during the same period last year. Revenue on the Rise Between January and March 2025, Cyprus’ total government revenue climbed to €3.64 billion,...
The Bank of Cyprus has exceeded its full-year real estate divestment target months in advance, securing over €200 million in property sales during the first half of 2025, according to an article by Cyprus Mail. Major Deal Sets New Record in Cyprus Real Estate The standout transaction was the sale of the Secret Valley resort in Paphos—formerly known as Venus Rock Golf Resort—for more than €130...
Cyprus recorded a slight uptick in harmonised inflation in June 2025, with the Harmonised Index of Consumer Prices (HICP) increasing by 0.5% compared to the same month last year, according to the Statistical Service of Cyprus. Month-over-month, prices edged up 0.4% from May. Sectors such as Recreation and Culture (+7.5%) and Restaurants and Hotels (+5.5%) were the biggest contributors to the annual rise....
Cyprus is facing growing scrutiny over its lack of oversight in the property sector, as a surge in real estate acquisitions by foreign buyers—often through Cypriot-registered companies—raises questions about transparency, legal loopholes, and long-term consequences for local communities. In a recent Kathimerini article, former MEP Takis Hadjigeorgiou described his year-old conversation with a top...
Cyprus experienced deflation for the second straight month in June 2025, according to figures published by the Statistical Service on Thursday. The Consumer Price Index (CPI) decreased by 0.4% on an annual basis, continuing the downward trend seen in May. The CPI fell to 117.28 units in June, down by 0.29 points from 117.57 units in the previous month. The latest data reflects both monthly and annual...
Cyprus emerged as the leading EU member state in cutting down Stage 2 loans by the end of 2024, according to the European Banking Authority’s (EBA) Spring 2025 Risk Assessment Report (RAR). The EBA’s latest report, accompanied by the Risk Assessment Questionnaire (RAQ), takes a close look at financial stability indicators across the EU and EEA banking sectors. One of the standout highlights was...
Larnaka International Airport has been recognized as one of Europe’s top-performing airports, earning second place in its passenger category at the 35th Annual Congress and General Assembly of Airports Council International Europe (ACI Europe), held in Athens on June 19. Hermes Airports, the operator of both Larnaka and Pafos airports, announced that Larnaka received the “Highly Commended”...
In a landmark shift toward sustainability and community wellbeing, Nicosia is transforming the former State Fairgrounds into Cyprus’ largest natural park, spanning approximately 250,000 square meters. This bold move replaces previous plans for a tech hub and commercial buildings with a much needed urban oasis in the capital. A Green Vision Backed by the People The change of course was announced on...
Property prices and rental rates in Cyprus rose again in Q1 2025, according to the latest "RICS Cyprus Property Price Index with KPMG in Cyprus." The data points to strong growth in both sales and rents, especially in Larnaca and across commercial real estate sectors. Sales Prices: Up Across Most Property Types Compared to Q1 2024, most property categories saw price increases: Apartments:...
The residential housing market in Cyprus continued its upward climb in 2024 — but it’s starting to lose steam. After a decade-long rebound from the 2012–2013 banking crisis, property prices are hitting new highs, although signs of a gradual cooldown are emerging. Growth Still There, Just Not as Fast According to the Central Bank of Cyprus (CBC), housing prices are still rising, but the pace has...
