Cyprus Building Permits Jump 76.9% In January 2026

Significant Uptick In Building Permits

Cyprus recorded a sharp increase in building permits in January 2026, with the total rising by 76.9% year-on-year to 789 permits compared with 446 during the same month in 2025. Figures released by the Statistical Service point to accelerating construction activity and continued momentum across the property sector.

Residential Impact And Development Projections

Permits issued during January are expected to support the construction of 1,755 residential units, representing roughly double the volume recorded during the corresponding month of the previous year and highlighting the scale of ongoing residential expansion.

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Planned developments include 329 single-family homes, 121 semi-detached residences, 1,248 apartments and 57 mixed-use projects, reflecting sustained demand across multiple segments of the housing market, particularly for larger apartment developments and integrated residential projects.

Economic Momentum And Market Overhaul

According to the Statistical Service, the aggregate value of these permits has reached €445.2 million, while the total area covered amounts to 346,700 square meters. These figures represent a 92.9% surge in value and an 82.5% expansion in area on a year-on-year basis, indicating robust economic momentum and an accelerating real estate market.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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