Opens in a new tab

Breaking news

Cyprus Homebuyers Face Long Road To Save For A Deposit

Saving for a home deposit in Cyprus is becoming increasingly difficult as property prices rise faster than household savings. A new analysis by BestBrokers estimates that a typical 108-square-metre home costs around €305,296. A 20% deposit would therefore require about €61,059.

Average Salary Does Not Tell The Full Story

Based on an average gross monthly income of €2,603, the deposit equals roughly 23 months of salary. In reality, however, buyers must cover rent, food, transport and other expenses.

Cyprus’ median monthly salary was €1,968 in 2025, while one in three employees earned less than €1,500 in the first quarter of 2026. At the median salary, the deposit represents around 31 months of gross income.

Someone earning €1,500 would need more than 40 months of pay. Saving 20% of the median salary each month would take almost 13 years to reach €61,059, assuming property prices did not rise.

Mortgage Costs Add To The Pressure

A 20% deposit is broadly consistent with current mortgage conditions. Bank of Cyprus’ first-home loan offers financing of up to 80%. For a €305,296 property, the mortgage would be about €244,237. At an average new mortgage rate of 3.28% in June, a 30-year loan would cost approximately €1,067 per month if the rate remained unchanged.

That would absorb more than half of the median gross salary before taxes and living expenses.

Location And Property Type Matter

New-build prices vary significantly across Cyprus. During the first half of 2026, the average transaction reached €319,618, while the median was €232,500. A 20% deposit based on median new-build prices would be around €37,000 in Nicosia, €38,000 in Larnaca, €45,000 in Famagusta, €60,600 in Limassol and €72,000 in Paphos.

Apartments remain more affordable than houses, with a median new-build price of €215,000 compared with €365,000 for houses. That means deposits of roughly €43,000 and €73,000 respectively.

Prices Rise Faster Than Savings

Apartment prices increased 10.8% year-on-year in the first quarter of 2026, according to Central Bank of Cyprus data, while house prices rose 3%.

At the same time, average household savings rates stood at just 1.42% in June, leaving savers struggling to keep up with property prices. Government support has also attracted strong demand. A housing scheme offering grants of up to €50,000 to people aged 41 and under received 1,018 applications for its initial 400 places. An additional €11 million was later approved for another 277 applicants.

Cyprus Remains Mid-Ranked In Europe

Despite the affordability challenges, Cyprus compares relatively well with several European markets. A 20% deposit represents around 23 months of gross income, compared with 24 months in the UK, Malta and Spain, 29 in Greece and 30 in Portugal.

Cyprus and Croatia also recorded one of Europe’s lowest housing-cost overburden rates, at 2.6% of urban residents spending at least 40% of disposable income on housing, according to Eurostat.

Esports Must Put Children’s Rights Ahead Of Competitive Ambitions, Report Says

Competitive gaming can help children build skills, find community and pursue achievement. However, as esports grows, young players face health, psychological and online safety risks, often without consistent safeguards, according to a new report from Save the Children.

The report, Protecting Child Rights in Esports, estimates that up to 300 million children worldwide participate in esports. It calls on the industry to prioritise the rights set out in the United Nations Convention on the Rights of the Child over competitive ambitions.

Potential risks include disrupted sleep, musculoskeletal pain, anxiety, depression, sexism and online harassment. Intensive training can also leave less time for education, family and friends.

“Esports offers exciting opportunities for children, but participation should never come at the expense of their rights, wellbeing or development,” said Theo Toresson, a psychologist and gaming expert at Save the Children.

Children must be treated “as children first and competitors second”, he added, calling for their involvement in decisions that affect them.

Training Standards Remain Uneven

The report highlights the lack of widely established standards for training hours and methods. Extended periods of sitting, insufficient breaks and schedules that interfere with sleep, exercise and schoolwork can affect young players’ health and development.

Poor posture and long sessions may also cause neck, shoulder and wrist pain, while late-night gaming can undermine sleep, concentration and mood.

Although some organisations provide guidance on breaks, nutrition, sleep and hydration, a representative of a national esports federation told the report that this advice often draws on separate studies rather than a centralised set of guidelines.

The report also notes positive findings: many professional esports players report satisfactory levels of physical activity, and higher-ranking players often place greater emphasis on fitness.

Online Harassment Adds To Mental Health Risks

Gaming communities and livestreaming platforms can help young players build connections and public profiles, but they may also expose them to cyberbullying, discrimination and privacy violations.

An analysis cited in the report examined chatrooms across 302 gameplay segments involving the 20 most popular Twitch streamers. It found sexist language in 62% of streams, racist language in 37%, ableist language in 84% and violent language in 97%.

Some esports federations and teams require staff to receive mental health first-aid training, but the practice remains uncommon. Young competitors may also face public scrutiny through livestreams, interviews and social media before they have the support to manage it.

Safeguards Must Extend Beyond Gameplay

The report raises further concerns about unequal participation linked to gender, race, LGBTQIA+ identity and disability. It also highlights children’s limited involvement in decisions affecting them and the risk of economic exploitation by teams, agents or parents, particularly where contracts lack transparency.

Inadequate supervision at live events presents additional risks.

Save the Children argues that protecting young competitors requires more than advice on posture and screen breaks. Clear standards, responsible oversight and age-appropriate safeguards are needed to ensure esports supports children’s development rather than putting it at risk.

As competitive gaming expands, the industry faces growing pressure to make children’s rights and wellbeing part of its operating standards.

The Future Forbes Realty Global Properties
Aretilaw firm
Uol
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter