Cyprus has been ranked as the fifth-best country in Europe for entrepreneurs relocating from abroad, establishing it as a promising hub for new businesses, according to a new report by research firm William Russell. The study, titled "Best European Countries to Start a Business as an Expat," highlights the island's high startup survival rate and strategic Mediterranean location as key advantages for...
The European Union's construction sector displayed conflicting trends in June 2025, recording a modest decrease compared to the previous month while still maintaining solid growth on an annual basis, according to the latest figures from Eurostat. Monthly and Annual Performance Seasonally adjusted production in the construction sector decreased by 0.5% in the EU and by 0.8% in the euro area in June...
The global real estate sector is poised for a rebound in dealmaking in 2025 following a period of volatility, but the recovery will be shaped by investors shifting towards alternative assets and tempered by significant global political uncertainties, according to a new report from consulting firm PwC. While brokers express cautious optimism about stabilizing market conditions, the report warns that...
An analysis of construction costs in Cyprus reveals that hotels are the most expensive buildings to construct per square metre, significantly outpacing other commercial and residential properties, according to new data from the Statistical Service. The report, which examines the average cost for privately developed buildings completed in 2023, shows that medical clinics and tourist apartments rank as...
The Cypriot real estate market is demonstrating significant resilience and stability in 2025, characterized by strong demand from both foreign and domestic buyers and a more measured pace of price growth compared to the rest of Europe. However, this stability is contrasted by growing concerns over housing affordability for the local population. Key Market Drivers and Trends According to an analysis by...
Cyprus registered the lowest annual inflation rate in the entire European Union in July, with consumer prices holding nearly flat at just 0.1%. This figure stands in stark contrast to the broader inflation seen across the Eurozone, according to data published Wednesday by Eurostat and the Cyprus Statistical Service (CyStat). While Cyprus experienced near-zero inflation, the annual rate for the Euro area...
Cyprus's tourism sector continued its impressive growth trajectory in July, with visitor arrivals climbing by 6.9% compared to the same month last year. This surge brings the total increase for the first seven months of 2025 to 10.4%, solidifying a strong year for the island's key industry, according to data released Tuesday by the Cyprus Statistical Service (CyStat). Inbound Tourism Breakdown In...
The price of construction materials in Cyprus experienced a slight annual rise of 1.19% in July, as reported by the Statistical Service of Cyprus. While the index showed a negligible monthly increase of just 0.01% from June, its year-over-year growth continues to be positive. The index, which is based on the year 2021 (with 2021=100), reached a value of 119.04 units in July 2025. Over the first seven...
A robust Cyprus property market has carried its momentum into 2025, characterized by steady prices and strong demand from both domestic and foreign investors. However, this stability masks a growing affordability crisis for local buyers who are grappling with high prices and cost-of-living pressures. According to Marinos Kineyirou, President of the Cyprus Real Estate Agents Registration Council, the...
The Cypriot economy expanded by a robust 3.3% in the second quarter of 2025, a growth rate more than double the European average, prompting the Ministry of Finance to declare it a confirmation of the nation's economic resilience. A flash estimate released on Thursday by the Cyprus Statistical Service showed the year-on-year growth for April to June 2025 at 3.3%, based on seasonally adjusted data. The...
