A Shift In Cyprus Car Market: Decline In Sales, Rise In Hybrids

by News Editor

April 9, 2025

According to recent data from the Cyprus Statistical Service (Cystat), the first quarter of 2025 witnessed a 4.5% decline in Cyprus motor vehicle registrations compared to last year. Despite an increase in March, total registrations dropped from 12,827 to 12,256 vehicles.

March Exception

March brought some relief with a 4.3% rise, registering 4,422 vehicles compared to 4,238 the previous year. However, this was not enough to counter the overall trend.

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Passenger Saloon Car Trends

Passenger saloons fell by 5.9%, with new cars constituting 46.4%. A significant detail is the increase in rental saloon cars by 13.1% to 1,027.

Greener Shift In Preferences

The shift towards more environmentally friendly options continues. Petrol-powered saloons decreased to 43.2%, while electric cars saw an increase from 3.8% to 4.9%, and hybrids from 37.2% to 42.9%.

Diverse Vehicle Segment Changes

Motor coaches and buses saw a drastic 40.6% drop, and mopeds under 50cc plummeted to just 60 from 240. Light goods vehicles, however, showed a 4.7% increase.

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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