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Capturing Cyprus Through The Lens: An Executive Review Of Visual Storytelling

The photo contest “Memories Made in Cyprus” brought the island’s unique heritage to life during the annual tourism conference hosted by STEK. Held on 27 November 2025, the event showcased a collection of evocative images that powerfully narrated the cultural and natural allure of Cyprus, with distinguished guests including the Deputy Minister of Tourism, Mr. Kostas Koumis, and leading figures from the tourism industry.

Awarded Photographic Excellence

The top honor was awarded to Maria Maragkou for her piece, “Ekklisaki tis Panagias tis Thalassinis”, which captures the serene and heartfelt spirit of Paphos. The second prize was jointly claimed by Stelios Michailidis for his poetic portrayal in “I Siopis tou Iliovasilematos” and Rafae̱llos Markitanis for his technically refined landscape in “Fragma Prodromou”. The third prize went to Andriani Georgiou for “Chryso Fthinopocho”, an image that elegantly encapsulates the splendor of the Cypriot countryside during autumn.

Recognized Outstanding Works

In addition to the main prizes, seven other images received accolades for their artistic innovation and narrative depth. These featured subjects ranged from medieval stone bridges and rugged mountain trails to handcrafted art and the wintry vistas of Troodos. Notable recognitions include:

  1. Ilias Labrou – “To Mesaiotiko Petríno Gefyri tis Miliás”
  2. Savas Maroullétis – “Istioforo Plio, Plaisio̱menos apo Parathyro”
  3. Andriani Georgiou – “Chionismeno Troodos”
  4. Pavlos Pavlou – “To Gefyri tou Jelefontou”
  5. Kostas Efthivoulou – “Laneia”
  6. Maria Maragkou – “Hand Made”
  7. Marios Andreou – “Fading Light, Fading Thoughts”

Rigorous Judging Process

The selection process was overseen by a highly qualified panel including Savvas Perdios, Theodosia Antoniou, Dr. Alexis Saveriadis, Andreas Konstantinou, Socrates Sokráto̱s, Silvio Rousmiko, and Chrysaimili Psilogéni. Their evaluation criteria emphasized a sophisticated blend of aesthetic appeal, technical excellence, and narrative power.

Cyprus: A Tapestry of Captured Memories

STEK expressed its gratitude to all participants, underscoring that the contest celebrates the authentic, heartfelt nature of Cyprus through vivid imagery. The event transformed Cyprus into a visual journey where nature, history, and everyday moments intersect to create enduring memories. This fusion of art and cultural storytelling stands as a testament to the island’s profound appeal in the global tourism landscape.

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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