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Cyprus Real Estate Sector Surges With €3.5 Billion In Transfers In 2025

The real estate market in Cyprus has demonstrated exceptional resilience, with property transfers totaling nearly €3.5 billion in the first nine months of 2025, according to the Real Estate Agent Registration Council. Sales documents nationwide increased by 13% over the same period last year, with 13,173 documents submitted compared to 11,634 in 2024.

High-Value Investments Drive Sector Growth

Although the number of transfers experienced only a modest rise of 0.74%, the overall transaction value surged by 12.6%, reflecting a clear shift towards higher-value deals. Council President Marinos Kineyirou, whose insights underscore the transformation of the sector, stated that these figures confirm a period of robust and qualitative growth. This trend signals sustained interest from both domestic and international investors, further bolstering confidence in Cyprus as a prime investment destination.

Regional Analysis: Limassol, Nicosia, And Beyond

Limassol emerged as the market engine, registering the highest transfer value at approximately €1.3 billion—representing nearly 37% of the national total—and leading in the number of sales documents with a 13% annual increase to 4,156 filings. Similarly, Nicosia maintained its role as the domestic powerhouse, recording the greatest number of transfers (4,293) along with a substantial transfer value of €812.8 million. Notably, Nicosia and Larnaca experienced strong momentum, with Larnaca’s sales documents rising by 15%, reflecting expanding buyer confidence in the district.

Further west, Paphos continued to attract foreign investors with a balanced market showing a transfer value of €708.3 million across 2,568 transfers. Even Famagusta, despite recording the lowest figures—792 transfers and €158.3 million in transfer value—demonstrated a promising 10% increase in sales documents, bolstering its reputation as a burgeoning hub for tourism-related investments.

Outlook For 2025 And Beyond

The marked increase in transaction values, in tandem with the steady rise in the volume of sales documents, provides a compelling narrative of strategic high-value investments and enduring market stability. As Cyprus continues to attract both local and international investors, the property market is poised to serve as a key pillar of economic resilience moving forward.

EU Mercosur Agreement Sparks Political Battle Over Cyprus Agriculture

A political battleground emerged in the Parliamentary Agriculture Committee’s latest session, as fierce debates broke out over the controversial trade deal between the European Union and Latin American nations under the Mercosur framework. Lawmakers voiced deep concerns regarding food safety and the prospects for local agriculture, particularly following the high-profile absence of the Minister of Trade.

Minister Absence And Parliamentary Integrity

Committee Chair Giannakis Gabriel expressed strong disapproval over the Minister’s no-show, noting that the extraordinary session was scheduled at midday at the Minister’s own request. “His absence undermines the authority of the parliament,” Mr. Gabriel declared. Given that the Minister is not abroad, it was expected that he would be present to clarify why Cyprus supported an agreement widely criticized as disadvantaging the agricultural sector.

Trade Deal Under Scrutiny

In his address, A.C.E.L General Secretary Stefanos Stefanos described the pact as a “dangerous agreement” imposed under the pressure of multinational conglomerates. He especially critiqued the contrasting sanitary standards whereby, while the EU bans our farmers from using certain pesticides and antibiotics, the Mercosur deal appears to allow imports produced with these very substances. His remarks underscored the possibility of double standards in safety measures and the potential long-term impacts on Cypriot agriculture.

Economic And Safety Concerns

Legislators questioned the basis of government studies that justified backing the agreement, even as Cyprus’ agricultural sustainability is increasingly threatened by water scarcity and soaring production costs. Representatives from various political factions pointed to insufficient controls over import volumes and tariff structures. For example, Christos Orphanidis (DIKO) demanded precise data on imports from Latin America, citing honey as a case in point, and pressed for clear explanations regarding the tariff regime.

Legal And Health Implications

Questions about legal authority were raised by Elias Myriantounos (EDEK), who inquired whether parliament can reject or amend the agreement should economic studies forecast negative outcomes. Environmental advocates, like Haralambos Theopemptou of the Movement of Ecologists, emphasized the need to safeguard traditional products such as halloumi, highlighting concerns over how rigorous food safety controls will be maintained. Meanwhile, Linos Papagiannis (ELAM) cautioned against unfair competition, drawing parallels with challenges posed by lower-standard goods from occupied territories.

Protecting Local Interests

The overarching message from lawmakers was clear: the future of Cyprus’ farming community and the well-being of its citizens should not be sacrificed at the altar of commercial trade. Agricultural organizations have voiced alarm over the importation of goods potentially contaminated with banned substances, the risk of market distortion by low-quality products, and the lack of localized impact studies. They argue that the agreement is biased in favor of select corporate interests, ultimately undermining consumer safety and the livelihood of European farmers.

As this debate continues to unfold, the outcome of these deliberations will be pivotal in determining not only trade policy but also the long-term economic and food security landscape of Cyprus.

Parliamentary Committee Session
Economic Impact Discussion

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