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...
Industry leaders and government officials are calling for a powerful, collaborative partnership between the public and private sectors to navigate economic headwinds and unlock the island's property bottlenecks. The push for synergy was the defining message at the annual gala dinner of the Cyprus Real Estate Development Association, held on June 24 in the presence of key policymakers, parliamentarians,...
The sweeping overhaul of Cyprus’s development licensing framework is successfully accelerating construction projects and fundamentally supporting the state's broader housing initiatives. Speaking at a formal dinner hosted by the Cyprus Real Estate Development Association in Limassol, Interior Minister Konstantinos Ioannou praised the real estate sector's vital contribution to the national economy. He...
State execution of the national budget has moved at a steady clip through the first five months of the year, with infrastructure and development projects picking up notable speed. According to fresh data published by the Treasury on Monday, Cyprus’s budget execution rate for development expenditures reached 19% by the end of May. This performance surpasses the historical baseline, outperforming the...
Following a highly turbulent start to the year, the Cypriot holiday sector is successfully steadying itself. Deputy Minister of Tourism Kostas Koumis has confirmed that the island's vital hospitality trade is firmly reclaiming a reliable trajectory, overcoming substantial early setbacks. Fresh travel records published by the Cyprus Statistical Service show that the island welcomed roughly 455,000...
Consumer price pressures in Cyprus intensified ahead of the summer season, pushing the island’s inflation rate past the average figures recorded across the broader European bloc. Fresh harmonized data released on Wednesday by Eurostat, the statistical office of the European Union, reveals that Cyprus's annual inflation rate climbed to 3.5% in May. This marks a notable acceleration from the 3.0% pace...
Construction activity across Cyprus has experienced an explosive start to the year, driven heavily by an aggressive expansion in apartment developments and civil engineering infrastructure. The latest data released by the Cyprus Statistical Service reveals that the total footprint of licensed projects reached 661,400 square meters during January and February. This represents an impressive 54.9% surge...
Municipal and regional authorities across Cyprus authorized a massive wave of construction approvals during the opening two months of the year, signaling an aggressive expansion in the island's real estate sector. According to fresh statistical data released on Friday, municipal building permits shot up to 1,500 approved applications throughout January and February. This represents a stark 48.8% increase...
