Record-Breaking Passenger Traffic At Cyprus Airports: March 2025 Sees Remarkable Growth

by News Editor

April 8, 2025

March 2025 has proven to be a milestone month for Cyprus’s aviation industry, marking a 5.91% increase in passenger numbers compared to March 2024. Both Larnaca and Paphos airports collectively processed 707,304 passengers, establishing the highest traffic ever recorded for the first quarter of the year.

Analyzing the Traffic Surge

In an official statement, the Ministry of Transport highlighted this continuous growth, echoing the positive trends seen throughout 2024. Specifically, passenger volume at Larnaca Airport surged by 15.17%. Conversely, Paphos Airport observed an 11.45% decline in travelers year-on-year.

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Key Contributors To Growth

The dynamic increase in flights reached 5,921 movements, translating to a 5.85% boost from last year. Greece, the United Kingdom, Israel, Poland, and Germany emerged as pivotal markets in this traffic escalation.

Regional Traffic Insights

Larnaca Airport celebrated significant increases on routes connecting to Israel, Greece, the UK, Poland, and Armenia. Meanwhile, Paphos Airport saw growth in traffic to Germany, Israel, Sweden, Lithuania, and Ireland.

Shifts In Regional Traffic

Despite these improvements, certain regions experienced decreased traffic. Larnaca Airport faced declines from Germany, Austria, France, Lithuania, and Hungary, while Paphos Airport saw reductions from Greece, Italy, France, Hungary, and Bulgaria.

The Future Forbes Realty Global Properties

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

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Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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