Cyprus Property Market Shows Strong Resilience Amid Global Uncertainty

Robust Growth Amid Challenging Conditions

Despite escalating geopolitical tensions and wider market instability, Cyprus’s property market has demonstrated remarkable fortitude during the first half of 2025. Notably, sales documents have surged by 16% year-over-year, while the total value of property transfers has neared €2.3 billion, underscoring a sustained and vigorous demand.

Paphos and Limassol Lead the Charge

Paphos has maintained its upward trajectory, recording €485 million in transfer values and a 20% increase in sales documents to 1,653. This performance spans both permanent residential investments and tourism-driven projects. Concurrently, Limassol has emerged as a critical hub with the highest transfer value at €809.3 million and the largest number of filed sales documents at 2,725, reflecting its strong allure for investors.

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Steady Activity in Major Districts

The Cyprus Real Estate Agents Registration Council, referencing data from the Department of Lands and Surveys (DLS), confirmed that a total of 8,729 sales documents were filed between January and June 2025, a marked improvement from 7,553 in the same period last year. Although the number of transfers saw only a modest increase of 0.5%, their total value effectively rose by nearly 10%.

Further highlighting regional dynamics, Nicosia recorded the largest transfer volume at 2,859, valued at €554.8 million, fueled by consistent demand from local buyers. Larnaca experienced the most rapid growth with a 24% year-on-year increase in sales documents—totaling 1,948—and transfer values reaching €324 million. Meanwhile, Famagusta, known for its appeal as a destination for holiday homes, reported €104.6 million in transfer values alongside an 11% increase in sales documents.

Looking Ahead

Council president Marinos Kineyirou expressed confidence in the market’s trajectory, stating, “Despite geopolitical tensions and wider instability during the second quarter, the property market has held its momentum and continues to perform remarkably well.” He noted that robust purchasing interest, particularly in the housing sector, coupled with a proactive supply response, has helped moderate price pressures. Provided no unexpected disruptions occur, 2025 is anticipated to remain a robust year for Cyprus real estate.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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