2025 Sets a Positive Trend for Cyprus Real Estate

by News Editor

April 26, 2025

The real estate market in Cyprus has surged forward in 2025, marking a significant 15% increase in property sales compared to the previous year. This remarkable growth in the first quarter is highlighted by the 4,137 sale documents filed, as per reports from the Registration Council of Real Estate Agents.

While there was a slight decrease of 2.9% in transaction volume, the sales value saw a robust increase of 15%, surpassing €1.1 billion annually. This promising start to the year reflects sustained demand and better alignment of supply to market needs.

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Insights from Regional Markets

Limassol continues to dominate the market, boasting the highest value transfer at €428.7 million and leading in documentation volume with 1,295 sale filings. Additionally, the city recorded 1,203 transaction volumes, underscoring strong investment activities.

In Nicosia, stability reigns with 1,304 transactions valued at €283.5 million. The city attracted 932 new sale documents, reflecting keen interest in fresh developments.

The momentum from previous years carries on in Paphos, with 811 transfers totaling €199 million. This shows lively activity in property purchase, fueled chiefly by international buyers.

Larnaca saw €154 million in transactions from 843 property transfers. The sale documents numbered 910, indicating rising demand bolstered by ongoing investments, as featured in Desalination Breakthrough: Addressing Water Shortages in Cyprus.

Though the Famagusta region ranked lowest with €48 million and 251 transfers, the growth trend persists. The 171 sale documents filed signal an appeal through lower prices and tourism-driven development.

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OpenAI Executive Brad Lightcap Leaves Company To Launch New Venture

by News Editor

August 12, 2026

Brad Lightcap, one of OpenAI’s longest-serving executives, is leaving the AI company to pursue a new venture after more than eight years with the organisation.

Lightcap announced his departure in a message to OpenAI employees on Tuesday, saying he was moving on to “start something new”. He did not provide details about his plans but said he would share more in the future.

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From CFO To Chief Operating Officer

Lightcap joined OpenAI in 2018 and spent four years as chief financial officer before becoming chief operating officer in 2022. In the role, he helped build and oversee teams covering finance, legal, human resources, corporate security, government and business development, as well as partnerships.

Earlier this year, OpenAI reorganised its executive structure and moved Lightcap into a role focused on special projects. Before joining OpenAI, he worked with CEO Sam Altman at venture capital firm Y Combinator.

OpenAI Faces Executive Turnover

Lightcap’s departure comes during a period of significant changes at the top of OpenAI. In July, Fidji Simo, who had served as the company’s No. 2 executive and led its AGI efforts, announced that she would step down from the role.

Several other senior executives have also left the company in recent months, including former Sora chief Bill Peebles and Kevin Weil, who previously led OpenAI’s Science division. The leadership changes come as OpenAI prepares for a potential IPO that could become one of the most significant technology listings in recent years.

Lightcap Hints At What Comes Next

In his departure message, Lightcap said he had spent recent months thinking about “the next horizon” and the challenges that could affect the success of OpenAI’s mission.

He suggested that his next project would address “important new things” the world will need to get right in the coming years, without revealing further details. Lightcap also expressed continued confidence in OpenAI, saying he believes in the company “more than ever” and plans to support its mission from a different position.

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