Government Unveils €493 Million Plan To Ease Limassol Traffic

Transport, Communications and Works Minister Alexis Vafeadis is set to meet mayors from the greater Limassol area on Thursday to discuss a €493 million pipeline of road and transport projects aimed at easing traffic congestion across the city.

Meeting To Focus On Traffic Priorities

The meeting, to be held at the Cultural Centre of Agios Athanasios, will focus on identifying projects that should be prioritised to improve traffic flow across the Limassol district. According to government sources, the proposals are divided into short-term measures that can be implemented more quickly and longer-term infrastructure projects that require additional planning and investment.

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€493 Million Programme

The proposed programme includes road and urban planning projects with a combined estimated value of €493 million. Among the largest are the €80 million Limassol–Saittas Motorway (Phase A2), the €60 million Ypsonas–Polemidia section of the Northern Bypass, the €37 million Northern Bypass section linking Agia Fyla, Mesa Geitonia and Agios Athanasios, the €30 million widening of Agios Athanasios Avenue, including sections of Kolonakiou and G. Digeni avenues, and the €24 million Second Parallel Road connecting Germasogeia and Agios Athanasios via Vythkion Avenue.

Short-Term Measures Under Way

Several projects are already under way or approaching the tender stage, including the roundabout at the junction of Agios Athanasios and Anikodomiseos, the new motorway exit serving Limassol Port and improvements to the AHK exit. The ministry also plans targeted interventions at key junctions, additional roundabouts and the rollout of a €3 million Urban Traffic Control (UTC) system across 50 signalised intersections.

Longer-Term Infrastructure Plans

The programme also includes additional sections of the Northern Bypass, the North Parallel Road between Ypsonas and Polemidia, the Third Parallel Road, the upgrade of the A1 motorway to six lanes between Parekklisia and the Germasogeia roundabout, the construction of a third-level connection between G. Kranidiotis Avenue (B8) and N.D. Pattichis Avenue, and Phase B of the Germasogeia–Akrunta–Dierona–Arakapas road. Several of these projects remain at the planning or study stage.

Municipalities Invited To Submit Proposals

During the meeting, Mr. Vafeadis is expected to invite municipalities to submit additional proposals as part of a broader transport strategy for the Limassol district. The discussions are expected to help determine which projects will move forward first as the government finalises the next phase of the city’s infrastructure programme.

The Future Forbes Realty Global Properties

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

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Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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