In a landmark shift toward sustainability and community wellbeing, Nicosia is transforming the former State Fairgrounds into Cyprus’ largest natural park, spanning approximately 250,000 square meters. This bold move replaces previous plans for a tech hub and commercial buildings with a much needed urban oasis in the capital. A Green Vision Backed by the People The change of course was announced on...
Property prices and rental rates in Cyprus rose again in Q1 2025, according to the latest "RICS Cyprus Property Price Index with KPMG in Cyprus." The data points to strong growth in both sales and rents, especially in Larnaca and across commercial real estate sectors. Sales Prices: Up Across Most Property Types Compared to Q1 2024, most property categories saw price increases: Apartments:...
The residential housing market in Cyprus continued its upward climb in 2024 — but it’s starting to lose steam. After a decade-long rebound from the 2012–2013 banking crisis, property prices are hitting new highs, although signs of a gradual cooldown are emerging. Growth Still There, Just Not as Fast According to the Central Bank of Cyprus (CBC), housing prices are still rising, but the pace has...
The latest data from the Department of Lands and Surveys shows that Cyprus' real estate market continued its steady upward momentum in April 2025 — with gains across both domestic and international segments. In total, 1,404 property sales were recorded in April, up 3% from 1,366 sales in April 2024. But the story goes deeper when you break it down by buyer type and district. 
Domestic...
The latest RICS Cyprus Property Price Index with KPMG in Cyprus has been released, providing insight into property price trends and rental values across the country for the fourth quarter of 2024. The index tracks fluctuations across all major districts and property types, offering a comprehensive view of the real estate market. Market Trends and Stabilization According to Christophoros Anayiotos,...
House prices in Cyprus continued their upward trend, marking an annual increase for the 11th consecutive quarter in Q3 2024. According to preliminary estimates from the Statistical Service, the House Prices Index (HPI) rose by 2.7% compared to the same period in 2023. The HPI for the third quarter stood at 113.62 units, reflecting steady growth in the housing market. On a quarterly basis, house prices...
On Thursday, the House of Representatives will decide on a proposed constitutional amendment that enshrines the right to a healthy and sustainable environment. The bill, referred back to the House by President Nikos Christodoulides, incorporates additions made by the Law Office and was reviewed by the legal committee on Wednesday. Background of the Amendment The amendment was initially approved during...
Wall Street’s macro traders are set for their weakest performance in foreign-exchange and rates trading since the pandemic era, as global banks grapple with shrinking margins and a challenging economic environment. Data from Coalition Greenwich indicates that over 250 major financial institutions, including Goldman Sachs, JPMorgan Chase, Citigroup, and Morgan Stanley, are projected to earn $32 billion...
The use of Artificial Intelligence (AI) and Information and Communication Technologies (ICT) continues to rise among businesses in Cyprus, with large enterprises leading the trend. The findings were published in the 2024 Statistical Service of Cyprus survey on ICT and e-commerce in enterprises. AI Adoption Trends The adoption of AI has grown significantly in recent years. In 2024, 7.9% of all...
The government has unveiled plans for projects valued at €128 million to upgrade public health services and hospital infrastructure across all districts by 2027. Government Spokesman Konstantinos Letymbiotis made the announcement on Friday at the Presidential Palace following a meeting chaired by President Nikos Christodoulides. During the meeting, which included the State Health Services Organisation...
