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Cyprus Anticipates Surge of 20,000 Visitors During EU Presidency

Cyprus is poised to welcome approximately 20,000 visitors during its six-month presidency of the Council of the European Union, President Nikos Christodoulides announced. Drawing tourists from across EU member states and beyond, the anticipated influx is based on detailed official planning for the coming period.

Visitor Projections And Historic Record In Arrivals

President Christodoulides highlighted that Cyprus’ two major airports recently set arrival records and are expected to replicate these historic figures. This achievement is attributed to the strong collaboration between the government and Hermes Airports, operator of both Larnaca and Paphos airports. “I want to publicly thank and congratulate Hermes Airports,” he said during his remarks.

Strategic Collaboration With Hermes Airports

Christodoulides noted that this partnership has not only yielded impressive statistics last year but is also on track to do so this year. Emphasizing the importance of government cooperation with industry leaders, the president underscored that the record-setting performance at the airports is a clear signal of efficient and innovative management.

Cultural Showcase And EU Legacy

During the inauguration of the exhibition titled “Carte Postale. EU Journey Through The Lens Of Time” at Larnaca Airport, hosted in partnership with Hermes Airports, the president praised the event as a unique cultural narrative. The exhibition, which showcases approximately 250 curated postcards from across Cyprus and the 26 other EU member states, offers a visual journey back to the early 20th century—a time when personal correspondence was a primary mode of communication.

The collection, originally amassed by the late deltiologist Antonis Hadjipanayis and curated by his son, journalist Panicos Hadjipanayis, also serves as a memorial tribute. Christodoulides recounted Hadjipanayis’ origins as a refugee from Assia, who nurtured an early passion for postcard collecting from Cyprus and around the globe.

Heritage And Modern Day Connection

While acknowledging that the art of sending postcards may be considered outdated today, the president observed that this practice retains a nostalgic charm and pedagogical value for both older generations and youth alike. He also noted that such exhibitions are more than mere historical retrospectives; they are also a warm farewell to the many visitors anticipated during Cyprus’ EU Presidency.

Concluding his remarks, President Christodoulides commended Hermes Airports for their innovative use of historical material and extended his gratitude to Panicos Hadjipanayis and his family for their initiative in curating a memorable exhibition that bridges Cyprus’ rich heritage with its contemporary global engagement.

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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