The landscape of Cypriot construction is undergoing a significant transformation. While the total number of building permits issued between January and August 2025 has decreased, the scale, value, and intended density of these projects have surged. According to the latest data from the Cyprus Statistical Service (Cystat), this trend indicates a market pivot toward larger, high-value residential and...
Interest rates in the Cypriot banking sector showed subtle mixed movements in October 2025, according to the latest statistics from the Central Bank of Cyprus (CBC). While the cost of new mortgages and corporate loans experienced a slight upward tick, the average interest paid on both household and corporate deposits registered a marginal decrease. Lending Rates: Slight Increase in Borrowing Costs The...
The Cyprus property market maintained a strong upward trajectory in the third quarter of 2025, with the Residential Property Price Index (RPPI) recording a 5% annual increase, accelerating slightly from the 4.7% rise seen in the second quarter. Data published by the Central Bank of Cyprus (CBC) highlights a clear divergence in property type, with apartments becoming the primary growth engine amid a notable...
Following two decades of advocacy and legal uncertainty, Cyprus has formally enacted the Swimming Pools Law of 2025. This landmark legislation introduces a tiered classification system that replaces the outdated "one-size-fits-all" approach, significantly easing the regulatory burden on residential complexes while establishing modern safety and hygiene protocols. Management committees and property owners...
Cyprus is poised to debate the introduction of a new "Mansion Tax" targeting high-value properties, following a similar move announced in the UK. The proposal, put forward by AKEL MP Stefanos Stefanou, seeks to impose an annual tax of one per thousand (0.1%) on all immovable property valued at €3,000,000 or more. The draft bill is anticipated to be discussed in the House of Representatives early in the...
Cyprus has claimed the top position in a newly released global index identifying the best countries for purchasing a holiday home. The study, conducted by Australian comparison platform Compare the Market, analyzed more than 50 international destinations, placing the Mediterranean island ahead of well-known favorites like Greece, Italy, Malta, and Spain. The island achieved an impressive overall score of...
Cyprus’s property market is witnessing its most significant influx of international investment in over 15 years, with foreign buyers accounting for a record volume of sales contracts. According to figures published by the Department of Lands & Surveys, November 2025 sales were up 7% compared to the previous year, solidifying 2025's position to become the most active year for sales since the...
Cyprus’s real estate market is on track for its most successful year since 2007 and the third strongest performance since record-keeping began in 2000. Data from the Department of Lands & Surveys shows that property transactions continued their upward trajectory in November 2025, recording a 9% year-on-year increase. A total of 1,644 sale contracts were deposited, building on the exceptional momentum...
The era of Cyprus’s controversial investor citizenship scheme has been formally and legally closed after the House of Representatives approved final legislative amendments that permanently revoke the Council of Ministers' authority to grant passports to investors and entrepreneurs. The move effectively eliminates the last legal provision related to the defunct Cyprus Investment Programme (CIP), which was...
Cyprus’s General Government budget maintained a healthy surplus during the first ten months of 2025, but the overall fiscal position moderated compared to the previous year. Preliminary results from the Statistical Service of Cyprus (CYSTAT) show a surplus of €1,119 million, equivalent to 3.1% of GDP, for the January–October 2025 period. This represents a decrease from the €1,320.9 million surplus...
