Robust Growth In Cyprus Property Sales: Nicosia Achieves 15% Increase Amid August Dip

by THEFUTURE.TEAM

September 3, 2025

Market Overview

Cyprus’ property market maintained its upward trajectory in the first eight months of 2025, with sales documents rising 13% year-on-year despite a minor dip in August. A total of 11,689 sales documents were recorded compared to 10,345 during the same period last year, signaling a broadly stable yet strengthening market outlook.

District Performance

Limassol, long acknowledged as the leader in the Cypriot real estate landscape, continued to outperform. This district not only dominated overall sales with a 13% increase from 3,299 to 3,720 documents, but it also registered a remarkable 20% growth in August alone.

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Nicosia also posted robust results with sales climbing 15% year-on-year from 2,295 to 2,640. However, the capital experienced a 7% decline in August following a substantial 36% surge the previous month. Similarly, Larnaca exhibited a solid performance with a 15% rise overall, despite a 9% decrease in August. Paphos, registering a 10% uplift over the period, and the Famagusta area, with a 10% increase driven by heightened demand for holiday homes, mirrored similar trends amid minor monthly setbacks.

Seasonal Trends And Strategic Outlook

Strong summer figures, with sales up 17% in June and 11% in July, underscore the market’s resilience. While August’s figures present only marginal declines, they have not derailed the overall positive momentum. These trends suggest that market consolidation is underway, supported by a robust demand across key districts.

Early figures from the first half of the year, which showed a 16% increase in sales documents and a total property transfer value nearing €2.3 billion, further highlight the sector’s durability. With Limassol and Nicosia leading in transaction values, investors and stakeholders remain confident in the sustained growth trajectory of the Cypriot real estate market.

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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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