Cyprus saw a notable rise in tourism during May 2025, with tourist arrivals increasing by 13.7% compared to the same month last year. Data released by the Statistical Service of Cyprus shows that a total of 479,160 visitors entered the country in May, up from 421,400 in May 2024. Cumulatively, from January through May 2025, tourist arrivals reached 1,344,486—marking a 14.9% year-on-year increase from...
Cyprus recorded a rare instance of deflation in May 2025, marking the first time in over four years that consumer prices declined on an annual basis, according to figures released by the Statistical Service of Cyprus. The annual inflation rate for May dipped to -0.2%, a reversal from recent inflationary trends. The last time the Consumer Price Index (CPI) showed a year-on-year decline was in March 2021,...
The Ministry of Finance anticipates a period of consistent, albeit slightly decelerating, economic expansion for Cyprus over the next four years, alongside a notable reduction in public debt. According to the June 2024 edition of their "Strategic Framework for Fiscal Policy 2026–2028," the Ministry projects a GDP growth rate fluctuating between 2.9% and 3.1%. Furthermore, a significant decrease in public...
Larnaca has emerged as the frontrunner in Cyprus’s property market for the first quarter of 2025, posting the strongest increases in real estate values across multiple categories, according to the latest RICS Cyprus Property Price Index, prepared in collaboration with KPMG in Cyprus. The data indicates that office spaces in Larnaca experienced the most notable surge in value, while residential...
Cyprus recorded a substantial increase in tourism revenue during the first quarter of 2025, highlighting a robust start to the year for one of the country’s key economic sectors. According to data released by the Cyprus Statistical Service, tourism revenue between January and March reached €278.3 million, up from €223.3 million during the same period in 2024. This represents a year-on-year growth of...
Cyprus’ real estate sector just got a major confidence boost—passenger traffic at Larnaca and Paphos airports crossed 4 million in the first five months of 2025, a historic milestone. This 12.02% year-over-year increase signals more than just tourism growth—it reflects rising international interest, better connectivity, and a stronger case for property investment in Cyprus. Airport Growth In May...
There’s been a notable shift in Cyprus' financial landscape this April, as the latest figures from the Central Bank of Cyprus (CBC) show a dip in both deposit and lending interest rates, making it a potentially smart moment for buyers and borrowers to consider their options. Lower Interest Rates = Good News for Borrowers Let’s start with the silver lining: borrowing just got a bit more...
Big news for anyone eyeing a home in Cyprus: the property market is heading into a new era of affordability and opportunity. President Nikos Christodoulides recently shared that thanks to a growing supply of new housing developments, both rental and purchase prices are expected to ease in the coming years. A Market Designed to Benefit Buyers The announcement came during a dinner hosted by the Cyprus...
Cyprus’ residential real estate sector kicked off 2025 with impressive momentum, as both the number and value of property sales surged during the first quarter. This is according to a new report published by Landbank Analytics, based on official data from the Department of Lands and Surveys. Off-Plan and Under-Construction Properties in High Demand From January to March, a total of 1,368 contracts were...
The Cypriot property market continued its upward momentum in May 2025, delivering the strongest monthly sales performance in over a decade. Data from the island’s Land Registry reveals that real estate activity is not just bouncing back—it’s accelerating. Sales Hit a 17-Year High In May alone, 1,664 property transactions were filed—a number not seen since May 2007, when 2,097 contracts were...
