Cyprus And Greece’s Real Estate Markets: Sustained Growth Amid Global Uncertainty

by THEFUTURE.TEAM

August 19, 2024

Cyprus and Greece have maintained strong momentum in their real estate markets, defying broader global economic uncertainties. Both countries have seen consistent demand from domestic buyers and foreign investors, driven by favourable economic conditions, strategic development projects, and the appeal of their real estate sectors. In Cyprus, the demand is particularly robust in residential and commercial properties, fuelled by foreign investment, government incentives, and the country’s stable economic environment.

Greece’s real estate market also continues to thrive, buoyed by a strong tourism sector, urban redevelopment projects, and investor interest in both residential and commercial properties. The introduction of various investment schemes, such as the Golden Visa program, has further enhanced Greece’s attractiveness to international buyers.

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For investors, these trends present significant opportunities. The sustained growth in property values and rental yields in both countries signals a healthy investment environment. Additionally, the stability of these markets amidst global uncertainties highlights the resilience and potential of real estate in Cyprus and Greece as reliable investment avenues.

Looking ahead, continued economic stability, supportive government policies, and ongoing development projects are expected to keep the real estate markets in Cyprus and Greece on a growth trajectory. However, stakeholders will need to stay attuned to global economic shifts that could impact these markets in the longer term.

Overall, the real estate sectors in Cyprus and Greece remain vibrant, offering promising prospects for both local and international investors.

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Cyprus Hits Historic Tourism Peak As Overtourism Risks Mount

by THEFUTURE.TEAM

February 13, 2026

Record-Breaking Performance In Tourism

Cyprus’ tourism sector achieved unprecedented success in 2025 with record-breaking arrivals and revenues. According to Eurobank analyst Konstantinos Vrachimis, the island’s performance was underpinned by solid real income growth and enhanced market diversification.

Robust Growth In Arrivals And Revenues

Total tourist arrivals reached 4.5 million in 2025, rising 12.2% from 4 million in 2024, with momentum sustained through the final quarter. Tourism receipts for the January–November period climbed to €3.6 billion, marking a 15.3% year-on-year increase that exceeded inflation. The improvement was not driven by volume alone. Average expenditure per visitor increased by 4.6%, while daily spending rose by 9.2%, indicating stronger purchasing power and higher-value tourism activity.

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Economic Impact And Diversification Of Source Markets

The stronger performance translated into tangible gains for the broader services economy, lifting real tourism-related income and overall sector turnover. Demand patterns are also shifting. While the United Kingdom remains Cyprus’ largest source market, its relative share has moderated as arrivals from Israel, Germany, Italy, the Czech Republic, the Netherlands, Austria, and Poland have expanded. This gradual diversification reduces dependency on a single market and strengthens resilience against external shocks.

Enhanced Air Connectivity And Seasonal Dynamics

Air connectivity has improved markedly in 2025, with flight volumes expanding substantially compared to 2019. This expansion is driven by increased airline capacity, enhanced route coverage, and more frequent flights, supporting demand during shoulder seasons and reducing overreliance on peak-month flows. Seasonal patterns remain prominent, with arrivals building through the spring and peaking in summer, thereby bolstering employment, fiscal receipts, and corporate earnings across hospitality, transport, and retail sectors.

Structural Risks And Future Considerations

Despite strong headline figures, structural challenges remain. The European Commission’s EU Tourism Dashboard highlights tourism intensity, seasonality, and market concentration as key risk indicators. Cyprus records a high ratio of overnight stays relative to its resident population, signalling potential overtourism pressures. Continued reliance on a limited group of origin markets also exposes the sector to geopolitical uncertainty and sudden demand swings. Seasonal peaks place additional strain on infrastructure, housing availability, labour supply, and natural resources, particularly water.

Strategic Investment And Market Resilience

Vrachimis concludes that sustained growth will depend on targeted investment, product upgrading, and continued market diversification. Strengthening year-round offerings, improving infrastructure capacity, and promoting higher-value experiences can help balance demand while preserving long-term competitiveness. These measures are essential not only to manage overtourism risks but also to ensure tourism remains a stable pillar of Cyprus’ economic development.

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