Homeownership In Cyprus: How It Compares To The EU In 2023

by THEFUTURE.TEAM

December 30, 2024

In 2023, approximately 68.8% of Cypriots owned the homes they lived in, slightly below the EU average of 69.2%, according to Eurostat, the statistical agency of the European Union.

Conversely, 31.2% of Cyprus residents lived in rented accommodation, which is marginally higher than the EU average of 30.8%.

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Homeownership Across The EU

The data reveals notable differences in homeownership rates across member states:

Highest homeownership rates:
- Romania: 95.6%
- Slovakia: 93.6%
- Croatia: 91.2%

Lowest homeownership rates:
- Germany: 47.6%
- Austria: 54.3%
- Denmark: 60.0%

These figures highlight a diverse landscape of housing preferences and economic factors shaping living arrangements across Europe. While Cyprus aligns closely with the EU averages, its homeownership rate remains well below the highest-ranking countries but significantly higher than those with the lowest rates.

This snapshot underscores the evolving dynamics of homeownership and rental trends in both Cyprus and the broader European Union.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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