Cypriot Standards Authority Secures Full Membership in the International Electrotechnical Commission

by THEFUTURE.TEAM

November 28, 2025

Cypriot Organization For Standardization Elevates Global Role

The Cypriot Organization for Standardization (CYS) has been upgraded to a Full Member of the International Electrotechnical Commission (IEC) following a unanimous 100% approval from all national committee members of the IEC. This historic elevation will take effect on January 1, 2026, marking a pivotal advancement for Cyprus in the realm of electrotechnical standardization.

Full Membership: Expanded Influence And Active Participation

As a Full Member, the Cyprus National Committee for IEC (IEC CY NC) now secures full voting rights across all of the IEC’s technical and administrative bodies. This upgrade enables Cyprus to:

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Participate With Full Voting Rights in every technical forum the IEC offers.
Shape International Standards from the early development stages through to final voting.
Strengthen Support for Key Stakeholders, including industry, small and medium-sized enterprises, regulatory authorities, academic institutions, and community organizations.
Engage Actively In Conformity Assessment Schemes, promoting harmonization with international best practices.
Assume Leadership Roles in both technical and advisory bodies.
Expand Participation Of Cypriot Experts in emerging technological sectors.

Strategic Implications For Cyprus And Global Standards

The decision comes on the heels of the official upgrade application submitted in 2025, which underscores Cyprus’ commitment to actively contribute to the evolution of global standards amid rapid technological advancements. The CYS has already initiated measures to meet the financial and operational requirements of its new status, emphasizing that this elevation is a collective achievement for the Cypriot electrotechnical community.

The organization expressed its gratitude towards the IEC and its members, signaling readiness to amplify Cyprus’s voice on the international standardization stage alongside leading nations with robust technological and economic influence.

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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