Cyprus experienced a notable uptick in tourist traffic during the first six months of 2025, welcoming 1,843,013 visitors compared to 1,652,475 during the same period last year—marking an 11.5% increase, according to figures released by the Statistical Service and reported by Stockwatch. June Sees Continued Growth Tourism numbers for June alone reached 498,527, up 3.4% from 482,261 in June 2024. The...
The supply of rental apartments in Cyprus has dropped dramatically, according to Landbank Analytics’ latest report for July 2025. With just 1,390 units available across the island—down from 3,257 in January—the market is tightening rapidly, pushing up prices and reshaping rental dynamics in key districts. The report, based on listings across Cyprus’ major real estate portals, offers insight into...
Cyprus’ construction industry continued its upward trajectory in 2023, with the sector’s value added rising by 9.4% year-on-year, reaching €1.58 billion, according to the Statistical Service of Cyprus. The data, released through the Construction and Land Development Survey, shows a significant expansion in the industry. The total production value across the wider construction field reached €6.23...
Despite a notable drop in the number of building permits issued during the first quarter of 2025, Cyprus recorded a sharp increase in both the overall value and volume of planned construction, according to data released by the Statistical Service and reported by Cyprus Property News. Between January and March 2025, a total of 1,580 building permits were granted—down 15.8% from the 1,876 permits issued...
Cyprus’ high-end real estate market delivered another strong performance in May 2025, with luxury property transactions reaching €75.7 million in total value, according to data analyzed by Ask Wire and reported by Cyprus Property News. Leading the way was a premium land sale in Engomi, Nicosia, which fetched €12.5 million—marking the most expensive property transaction of the month. Top Sales...
Recent figures released by the Department of Lands and Surveys—and shared in Parliament—confirm that foreign buyers continue to drive growth in Cyprus’s property market, particularly in hotspots like Limassol, Larnaca, and Paphos. Prominent nationalities among purchasers include Russians, British, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans, and Americans . Regional Concentrations and...
The Urban Planning Amnesty Scheme in Cyprus officially concluded on June 23, 2025, according to a statement from the Ministry of the Interior. Over the course of the initiative, a total of 2,841 applications were submitted across the country. Focus on Residential Properties The overwhelming majority of submissions—2,495 applications or 88%—involved the regularisation of planning violations in...
The Cyprus real estate market surged in June 2025, with 1,544 property sale contracts filed at Land Registry offices across the island, a 17% year-on-year increase from the 1,322 transactions recorded in June 2024. This marks the second-highest June sales total ever, trailing only behind the 2007 record of 1,950 deals. These transactions span a variety of property types, including homes, commercial...
Cyprus' residential property market continued its upward climb in the first quarter of 2025, with home values rising across the country and house prices outpacing apartment prices for the first time since 2008, according to the Central Bank of Cyprus (CBC). Market Overview The Residential Property Price Index (RPPI) rose by 1.9% quarter-on-quarter in Q1 2025—up sharply from a 0.4% rise in the...
The interest rate for consumer credit in Cyprus dropped to 6.77% in May 2025, according to data released by the Central Bank of Cyprus (CBC), reflecting a modest easing in borrowing costs for households. In addition to the dip in consumer lending rates, the CBC also reported a notable decline in large-scale corporate borrowing. Specifically, new loans issued to non-financial corporations for amounts...
