Limassol Leads Cyprus’ €286.4 Million High-End Property Market

The 50 most expensive property transactions completed in Cyprus during the first half of 2026 reached a combined value of €286.4 million, according to data compiled by Ask Wire. The figures show that premium land and strategically located assets continued to attract the largest investments.

Limassol Dominates High-End Transactions

Six of the country’s ten largest property deals were completed in Limassol, with a combined value of €117.2 million. The biggest transaction involved the sale of fields with a building in Moni for €55 million.

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Paphos accounted for three of the top ten deals worth a combined €35.5 million, while Larnaca recorded one transaction valued at €9 million.

Land Leads Investment Activity

Limassol also ranked first among the 50 largest transactions overall, with its ten biggest deals totaling €148.2 million, or 51.7% of the combined value.

Paphos followed with €68.8 million, representing 24% of the total. Nicosia recorded €26.7 million, while the free area of Famagusta and Larnaca accounted for €21.4 million and €21.2 million, respectively.

Ask Wire Chief Executive Pavlos Loizou said seven of the ten largest transactions involved fields or development land. He said these were likely prime sites for residential or hotel projects and noted that demand for office space has also increased as more companies establish operations in Cyprus.

First Quarter Accounted For Most Major Deals

Loizou said eight of the ten largest transactions in the first half of the year were completed during the first quarter. He attributed the slower pace in the second quarter to uncertainty stemming from the conflict in the Middle East, which he said affected investment decisions.

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Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

by THEFUTURE.TEAM

July 30, 2026

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

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The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”

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