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...
The latest data from the Department of Lands and Surveys shows that Cyprus' real estate market continued its steady upward momentum in April 2025 — with gains across both domestic and international segments. In total, 1,404 property sales were recorded in April, up 3% from 1,366 sales in April 2024. But the story goes deeper when you break it down by buyer type and district. 🔑 Domestic...
The latest RICS Cyprus Property Price Index with KPMG in Cyprus has been released, providing insight into property price trends and rental values across the country for the fourth quarter of 2024. The index tracks fluctuations across all major districts and property types, offering a comprehensive view of the real estate market. Market Trends and Stabilization According to Christophoros Anayiotos,...
House prices in Cyprus continued their upward trend, marking an annual increase for the 11th consecutive quarter in Q3 2024. According to preliminary estimates from the Statistical Service, the House Prices Index (HPI) rose by 2.7% compared to the same period in 2023. The HPI for the third quarter stood at 113.62 units, reflecting steady growth in the housing market. On a quarterly basis, house prices...
On Thursday, the House of Representatives will decide on a proposed constitutional amendment that enshrines the right to a healthy and sustainable environment. The bill, referred back to the House by President Nikos Christodoulides, incorporates additions made by the Law Office and was reviewed by the legal committee on Wednesday. Background of the Amendment The amendment was initially approved during...
