Tourism income in Cyprus reached €373.3 million in May 2025, marking a 20.2% increase compared to €310.5 million in the same month of 2024, according to the latest Passengers Survey data released on Wednesday by the Statistical Service of Cyprus (Cystat). For the period January–May 2025, total tourism revenue is estimated at €955.8 million, representing a year-on-year growth of 27.2% from €751.2...
Household financial wealth in Cyprus stood at €61.9 billion by the end of March 2025, while household debt was equivalent to 58% of GDP, according to the latest Quarterly Financial Accounts released by the Central Bank of Cyprus (CBC). The debt burden of non-financial corporations was notably higher, at 120% of GDP. Household Assets and DebtThe CBC report highlights that households maintained €19.8...
Interest rate trends in Cyprus diverged in June 2025, with household borrowing becoming more expensive while business lending costs declined, according to the latest data from the Central Bank of Cyprus. Deposit rates for both households and non-financial corporations saw minimal movement during the same period. Household Borrowing Costs Rise Consumer loan rates for households increased to 7.01% in June,...
Cyprus’ tourism sector demonstrated notable growth in the first five months of 2025, with total revenue estimated at €955.8 million—marking a 27.2% year-on-year increase from €751.2 million during the same period in 2024. This data was released by the Statistical Service of Cyprus on Wednesday. In May alone, tourism income reached €373.3 million, reflecting a 20.2% rise compared to €310.5...
Cyprus recorded a significant increase in total deposits in June 2025, according to data released by the Central Bank of Cyprus. The net rise reached €654.7 million—an impressive jump compared to the modest €20.8 million increase reported in May 2025. This marks a notable acceleration in deposit activity across the country's banking system. The data, included in the Central Bank’s July 2025...
Lyra Amvrosidou, Executive Director of Property Gallery Developers & Constructors Ltd, offers valuable insights into the evolving real estate landscape in Cyprus, highlighting areas of resilience, upcoming growth sectors, and the importance of supportive government policies. Positive Momentum Expected Through 2026 Looking ahead to the next 12–18 months, Amvrosidou maintains a confident outlook...
The Interior Ministry has officially revised the legal framework governing communal swimming pools, introducing a more flexible set of rules aimed at reducing regulatory strain on property owners, particularly in shared residential complexes. Background: Old Rules Proved Costly and Impractical Previously, any swimming pool serving more than one household was automatically classified as a public facility....
A recent study by the Economics Research Centre (CypERC) at the University of Cyprus explores how fluctuations in international commodity prices—particularly oil and food—contribute to inflation within Cyprus. The research, published in CypERC’s latest newsletter, emphasizes the impact of global geopolitical events—especially the war in Ukraine and broader regional instability—on the prices of...
The movement of travelers in and out of Cyprus saw a steady rise in 2024, according to newly released figures by the Statistical Service of Cyprus, as reported by Stockwatch.com.cy. Total traveler arrivals hit 6,285,427, marking a 2.9% increase from 2023. Departures also rose to 6,270,760, reflecting a 2.7% annual increase. Air travel remained the dominant mode of transport, accounting for 97.7% of all...
The Cypriot real estate market showed no signs of slowing down in the first half of 2025, reaching an impressive €2.3 billion in total transaction value—an increase of about 10% year-on-year—according to data shared by Cyprus Property News from the Real Estate Agents Registration Council and the Department of Lands and Surveys. Sales Activity on the RiseBetween January and June 2025, a total of...
