Bank Of Cyprus Clinches Prestigious Private Banking Award In A Robust Expansion Drive

by THEFUTURE.TEAM

November 26, 2025

Excellence Recognized On The Global Stage

The Bank of Cyprus, a pillar in the financial services sector, has been distinguished as the ‘Best Private Bank In Cyprus 2026’ by Global Finance. This accolade cements the bank’s preeminent position within the local private banking arena and underscores its relentless pursuit of excellence.

Strategic Expansion And Innovation In Wealth Management

In a dynamic market landscape, the bank has demonstrated a clear strategic focus by expanding its Private and Affluent Banking operations and aligning them with international standards. By investing heavily in comprehensive wealth management solutions and innovative product offerings, Bank of Cyprus has successfully tailored its services to meet the bespoke needs of high-net-worth clients.

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Commitment To Client-Centric Excellence

Christos M. Ioannou, Head of Private and Affluent Banking at Bank of Cyprus, emphasized that the award is both an honor and a reflection of the bank’s sustained commitment to superior service delivery. He stated, “This accolade is a testament to the dedication, hard work and collective effort of our team, reaffirming our pledge to offer outstanding private banking services rooted in trust, market intelligence, and unwavering professionalism.”

Global Recognition And Future Outlook

The award, an integral part of Global Finance’s annual assessment, evaluates institutions on performance, strategic planning, client service quality, and relationship management. With its continued focus on delivering value-added solutions and a wholly personalized client approach, Bank of Cyprus not only celebrates its current achievements but also looks forward to consistently surpassing client expectations in the years ahead.

The Future Forbes Realty Global Properties

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

by THEFUTURE.TEAM

February 16, 2026

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

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Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

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