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Cyprus Poised To Transform Regional Energy Landscape With Strategic Electric Interconnections

The President of the Republic of Cyprus, Nikos Christodoulides, recently detailed ambitious plans to enhance the island’s role in the energy sector through new electric interconnections with neighboring states at the 13th Energy Symposium.

Strategic Alliances And Regional Energy Security

In his address, President Christodoulides underscored Cyprus’ participation in the “3+1” mechanism alongside Greece and the United States, a move that solidifies the nation’s strategic ambition to contribute actively to energy solutions in the Eastern Mediterranean. By aligning its interests with regional powerhouses, Cyprus aims to serve as an alternative energy corridor to Europe, reinforcing the long-term security of energy supplies.

Key Infrastructure And Future Export Initiatives

The President also highlighted key developments such as the anticipated natural gas export from Cypriot fields via the Kronos–Damietta infrastructure, with the first export projected for 2027. This milestone is set to propel Cyprus onto the European energy map, marking a significant evolution in the nation’s energy strategy. Furthermore, the planned electrification link with Greece—recently updated in consultation with the Greek Prime Minister—will serve as a critical conduit for integrating Cyprus with the European energy grid and ensuring enhanced supply security.

Expanding Energy Engagement Beyond Borders

President Christodoulides revealed burgeoning interest from major energy conglomerates in exploring additional blocks within Cyprus’ Exclusive Economic Zone. Alongside these strategic investments, the President is set to visit Lebanon on November 26 to engage in dedicated discussions on energy planning—an initiative that not only elevates Cyprus’ international standing but also attracts vital foreign investment and regional collaborations.

Green Transition And Domestic Policy Initiatives

The administration is also accelerating its green transition by increasing the penetration of renewable energy sources. Significant investments are underway, including a €114 million upgrade of transmission and distribution networks. Pilot projects, such as the energy community in Tillyria, are being scaled with plans to extend similar initiatives nationally post-2026. Despite a 23% share in renewable energy, the government remains determined to harness Cyprus’ abundant solar potential to create a more competitive energy system while safeguarding vulnerable households.

A Unified Vision For Europe’s Energy Future

In an era where energy considerations underpin alliances and strategic decisions, Cyprus is resolving not only to further its interconnection projects but also to seamlessly integrate Eastern Mediterranean developments with Europe’s broader energy strategy. This approach addresses Europe’s enduring reliance on external energy sources and positions the region as a viable alternative energy route. With clear, stepwise initiatives, the government is committed to ensuring electricity adequacy and reducing costs—a grand challenge that they are determined to meet.

The President concluded by reiterating that a coherent, collaborative, and well-planned energy transition is imperative for the nation’s progress. By aligning technical prowess with strategic partnerships, Cyprus is set to secure its energy future and play an influential role on Europe’s energy stage.

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

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The Future Forbes Realty Global Properties
Aretilaw firm
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