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Delfi Analytics: Cypriots Driving the Real Estate Market

by THEFUTURE.TEAM

August 1, 2024

According to the latest report by Delfi Analytics, Cypriots are playing a pivotal role in driving the country’s real estate market. This trend, marked by increased domestic activity, is underscored by significant indications of growing local investments in property. The analysis provides an in-depth look at the current dynamics of the real estate sector, highlighting the substantial contribution of Cypriot buyers.

The report from Delfi Analytics indicates a robust demand for real estate among Cypriots, a trend that has gained momentum over recent years. This surge is attributed to several factors, including favourable economic conditions, increased consumer confidence, and attractive financing options provided by local banks. These elements have collectively created an environment conducive to property investment, spurring a wave of domestic purchases.

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One of the key findings of the report is the notable preference among Cypriots for residential properties. The demand for homes, particularly in urban areas, has been on the rise, driven by the desire for better living standards and the increasing value placed on homeownership. This shift is evident in the significant number of transactions involving apartments and houses, with many buyers seeking properties that offer modern amenities and prime locations.

The growth in domestic real estate activity is also reflected in the increasing number of new developments and construction projects. Developers are responding to this demand by launching new residential complexes and housing projects, which cater specifically to the needs and preferences of local buyers. This boom in construction is contributing to the overall growth of the real estate sector, generating economic benefits and creating job opportunities.

Moreover, the report highlights the role of government initiatives in supporting the real estate market. Policies aimed at promoting homeownership and providing incentives for property investment have been instrumental in encouraging Cypriots to invest in real estate. These measures include tax benefits, subsidies for first-time buyers, and schemes that facilitate easier access to housing loans. Such initiatives have been pivotal in making property investment more accessible and attractive to the local population.

The analysis also points to a growing interest in real estate as a form of investment. Many Cypriots view the property as a stable and profitable investment option, offering long-term returns and a hedge against inflation. This perspective is driving a trend where more individuals are diversifying their investment portfolios to include real estate, further boosting market activity.

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Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

by News Editor

May 31, 2025

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.