Cyprus Property Market Sees Strong Start in 2025

by THEFUTURE.TEAM

February 6, 2025

The Cyprus property market has made an impressive start to 2025, with property sales contracts increasing by 21% year-on-year in January. According to the Department of Lands & Surveys, all districts showed growth, with Famagusta leading with a 40% rise, followed by Limassol at 36%. Larnaca saw a 20% increase, Nicosia registered a 13% rise, and Paphos experienced a 5% growth.

This surge in property sales reflects growing investor confidence, supported by economic stability, foreign investment, and local demand. Limassol continues to attract business buyers, while Famagusta’s coastal properties gain attention. Larnaca’s infrastructure developments are also driving sales, and Nicosia remains stable as the capital.

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However, MPs have raised concerns about rising property prices driven by foreign buyers, which could affect local buyers, particularly young couples. Foreign property ownership is typically permitted within the EU, but some countries impose restrictions. For example, Spain is considering higher property taxes for non-EU buyers in response to its housing crisis.

Market Segment Breakdown

Domestic Market: Property sales to Cypriot buyers increased by 27%, accounting for 60% of total sales. Growth was significant in Limassol (+50%), Larnaca (+22%), and Nicosia (+18%).
Overseas Market: Sales to foreign buyers rose by 12%. Famagusta (+74%) and Limassol (+16%) saw notable increases, while Nicosia experienced a 10% decline.
EU Citizens: Sales to EU nationals surged by 44%, with Famagusta showing a remarkable 533% increase from just 3 transactions in January 2024 to 19 in January 2025.
Non-EU Citizens: Sales to non-EU buyers grew modestly by 1%, though some districts saw declines, particularly Nicosia (-27%) and Paphos (-15%).

Foreign buyers continue to dominate Paphos, where nearly 75% of property transactions are made by non-Cypriots.

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Cyprus Air Fares Fall As EU Prices Continue To Rise

by THEFUTURE.TEAM

July 27, 2026

Air transport prices in Cyprus fell in June, even as average air fares across the European Union continued to rise, according to new figures from Eurostat.

Since January 2025, air transport prices have fluctuated across the bloc, reflecting seasonal travel demand and differences between domestic and international markets.

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Cyprus Returns To Negative Territory

In Cyprus, air transport prices were 1.8% lower in June 2026 than in the same month a year earlier, reversing the 7.8% annual increase recorded in May. The increase had followed modest year-on-year declines of 0.7% in April and 0.4% in March, meaning air fares returned to negative territory in June.

While prices eased in Cyprus, the latest figures show the country diverging from the broader EU trend.

The EU Trend Remains Upward

Across the EU, air transport prices were 3.1% higher in June 2026 than a year earlier. Eurostat said the strongest annual increase during the January 2025 to June 2026 period came in April 2025, when prices were 13.7% above the previous year’s level.

Price growth moderated later in 2025 before turning negative during the opening months of 2026. Air fares then rebounded by 8.1% in May and continued to rise in June, although at a slower pace.

International Flights Drive The Volatility

Eurostat said international flights accounted for most of the volatility in air transport prices, as they tend to respond more quickly to changes in travel demand than domestic services.

International air transport prices across the EU were 4.5% higher in June than a year earlier, compared with a 2.0% increase in domestic air fares. International ticket prices recorded annual increases of 14.1% in April 2025 and 8.7% in May 2026.

Wide Gaps Remain Between Member States

Airfare trends varied significantly across the bloc between April and June 2026. Belgium recorded some of the strongest annual increases, with prices rising 41.5% in April, 33.8% in May and 28.7% in June compared with the same months of 2025.

Slovakia recorded the steepest declines over the same period, with prices falling 53.0% in April, 48.2% in May and 45.1% in June. Eurostat also noted that most EU countries saw air fares fall in April before increasing again in May.

In June, Austria and Greece posted annual increases of 22.3% and 15.1%, respectively. The largest declines were recorded in Hungary, where prices fell 13.6%, and Poland, where they dropped 13.1%.

What The Data Means For Travelers

Cyprus was among the EU countries to record a year-on-year decline in air transport prices in June, contrasting with the overall increase across the bloc. The latest figures highlight the uneven nature of Europe’s air travel market, where fare movements continue to vary considerably between countries and over time.

The figures are based on Eurostat’s Harmonised Index of Consumer Prices for passenger air transport, which measures changes in the prices consumers pay for air travel services across EU member states.

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