Cyprus Faces Energy Strain As Cold Wave Hits: Authorities Call For Power Conservation

by THEFUTURE.TEAM

February 20, 2025

A cold wave sweeping across Cyprus threatens to test the island’s energy infrastructure in the coming days. Chará Kousiappa, spokesperson for the Cyprus Transmission System Operator (TSOC), warned that the country could face serious challenges as energy demand surges.

“It will be a tough situation,” Kousiappa told the Cyprus News Agency. “We’re already seeing very high demand, and we’re continuously assessing the situation. We hope things will go smoothly, but we’re ready to act if necessary.”

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The cold front is expected to hit shortly, with the most critical period for electricity demand falling between 6:00 PM and 9:00 PM—when renewable energy production drops off. During these peak hours, the power supply will be under significant pressure, as several key power units are offline due to scheduled maintenance or technical issues.

TSOC is closely monitoring the situation, and Kousiappa hopes that some of the power units currently under repair at the Dhekelia and Vasilikos stations can be brought back online before temperatures fall. She also emphasized the importance of energy conservation, urging the public to reduce electricity usage during peak hours and shift high-energy tasks, like laundry and dishwashing, to the day when solar power is at its peak.

As Cyprus braces for a difficult few days, authorities are calling on citizens to play their part in ensuring the stability of the island’s power grid.

The Future Forbes Realty Global Properties

Cyprus Property Market Extends Its Growth Run As Foreign Demand Remains A Key Driver

by THEFUTURE.TEAM

September 8, 2026

Cyprus property sales continued to grow in August, extending a year-long run of annual increases across the island’s real estate market.

Transactions Remain Above 2025 Levels

Sale contracts reached 13,288 in the first eight months of 2026, according to the Department of Lands and Surveys. That was 14% more than the 11,689 contracts recorded during the same period last year, an increase of 1,599 transactions.

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August brought 1,241 contracts, up 10% from 1,128 a year earlier. Activity was lower than July’s more than 2,000 contracts, but August is traditionally quieter for property transactions.

Annual growth remained positive throughout 2026, ranging from 5% in May to 27% in June. In July and August, sales were 11% and 10% higher than a year earlier, respectively.

Limassol And Paphos Drive Growth

Limassol and Paphos accounted for 1,070 of the 1,599 additional contracts recorded nationwide in the first eight months, or about 67%.

Limassol remained the largest market, with 4,354 contracts, up 17% from 3,720 a year earlier. August was its first monthly decline of 2026, with 395 contracts, down 5% year on year.

Paphos recorded the strongest growth among the five districts. Its eight-month total reached 2,654 contracts, up nearly 20% from 2,218, while August sales rose 20% to 267.

Larnaca Leads August Growth

Larnaca posted the strongest monthly increase in August, with 299 contracts, up 35% from 221 a year earlier. Its eight-month total reached 2,898, an increase of 13% from 2025.

Nicosia recorded 225 contracts in August, up 8%, taking its eight-month total to 2,789, or nearly 6% above last year. Famagusta remained weaker, with August sales falling 8% to 55, although its eight-month total was still up just over 8% at 593.

Foreign Buyers Support Demand

International buyers accounted for about 47% of sale contracts during the first eight months. Transactions with EU buyers rose 23% year on year, while sales to non-EU nationals increased 19%.

Foreign demand has helped sustain activity as property prices and construction costs rise. Residential prices increased 7.5% year on year in the first quarter, with apartment prices up 10.8% and houses 3%, according to the Central Bank of Cyprus.

Construction material prices were 3.33% higher in July than a year earlier, while prices rose 1.87% during the first seven months of 2026, Cystat data showed. Metal products and materials, including wood, insulation, chemicals and plastics, recorded some of the sharpest increases.

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