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Bank Of Cyprus Empowers Youth With Innovative Environmental Initiative

The Bank of Cyprus, a leader in financial innovation (Bank of Cyprus), has launched a pioneering youth-focused initiative aimed at addressing environmental risks and bolstering community resilience. This strategic move underscores the bank’s commitment to engaging younger generations in pivotal social and environmental challenges.

Focus On Flood Preparedness

In a recent announcement, the bank revealed that its inaugural event concentrated on the prevention and response to flooding. The session, held at the head office, provided a platform for final-year high school students to immerse themselves in the critical dynamics of flood management, reflecting a broader effort to integrate climate resilience into education and community planning.

Collaborative Approach To Environmental Resilience

The workshop was organized under the auspices of SupportCY and in collaboration with esteemed partners including the University of Cyprus’ Kios Center of Excellence (University of Cyprus), the Ministry of Education, Sports and Youth, and the Cyprus fire service. Participants engaged in experiential simulations, collaborating in groups to devise flood-prevention proposals, communication strategies, and practical measures for enhancing sustainability in schools and local communities.

Empowering The Next Generation

The initiative, named “Young People Ask and Provide Solutions,” is an extension of the bank’s ongoing debate program, “Young People Ask.” It is designed not only to strengthen climate resilience but also to foster a sense of personal responsibility among young citizens. “Today’s event demonstrated that the new generation has the will, enthusiasm and creativity to offer solutions to real challenges and contribute to a more resilient society,” stated the Manager of Corporate Social Responsibility at Bank of Cyprus.

Bridging Education And Technology

SupportCY’s Head of Operations, Marios Stavrou, emphasized the necessity for young people to comprehend the multifaceted nature of the climate crisis early on. By simulating real-world decision-making, the students gained insights into the collaborative efforts required to manage the consequences of extreme weather events. Assistant Professor Mattheos Panteli of the Kios Center of Excellence further highlighted that interactive events like this illuminate the potential of cutting-edge technology to address climate change, ensuring that tomorrow’s leaders are well-prepared for future challenges.

A Sustainable Future Through Strategic Collaboration

Officials representing the ministries of interior and education reviewed the students’ proposals, while experts from the Cyprus fire service lent their invaluable expertise during the exercises. The Bank of Cyprus remains committed to giving young people a platform to voice their ideas, aspiring for their innovative solutions to be recognized and implemented by decision-makers.

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

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.

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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