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

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.”

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.

Cyprus Apartment Sales Lead New Housing Market In 2025

Overview Of A Dynamic Sector

Apartments accounted for the majority of new residential property transactions in Cyprus in 2025, according to Landbank Analytics. Demand was concentrated in lower and mid-range price segments. Data show buyers focused on properties priced up to €300,000. The segment reflects affordability constraints and investment demand.

Robust Demand In The Apartment Segment

Analysis of off-plan and under-construction contracts shows apartments remained the most active property type. Activity was highest in the €150,000 to €300,000 range. Segment recorded 3,396 transactions, representing more than half of total apartment sales. Data indicate strong demand in mid-range pricing.

Diverse Price Brackets And Transaction Volume

Lower-priced apartments between €0 and €150,000 recorded 1,353 transactions, or 21.2% of the market. The mid-to-high segment between €300,000 and €500,000 accounted for 1,205 sales, or 18.9%. Higher price brackets showed lower activity. Sales reached 234 units in the €500,000 to €750,000 range and 60 units between €750,000 and €1 million. Apartments above €1 million accounted for 134 transactions, or 2.1%. Total apartment sales reached 6,382 units with a combined value of €1.77 billion.

Contrast With The Housing Market

House sales showed a different distribution across price segments. Higher price ranges accounted for the largest share of transactions. Sales in the €300,000 to €500,000 segment reached 574 units, or 40% of the total. Properties priced between €150,000 and €300,000 followed with 405 transactions, or 28.2%. Higher segments included 255 homes in the €500,000 to €750,000 range and 80 units between €750,000 and €1 million. Properties above €1 million accounted for 116 sales, while volumes below €150,000 remained limited.

Strategic Insights And Market Adjustments

Landbank Group CEO Andreas Christophorides said apartments remain the primary option for buyers and investors. Demand is concentrated in price segments below €300,000. Houses are increasingly positioned in higher price brackets. Segment reflects demand from higher-income buyers.

Outlook For A Resilient Real Estate Backbone

Real estate continues to play a central role in Cyprus’ economy. The market offers a range of properties across price segments. Christophorides described 2025 as a year of adjustment. Apartment demand remained stable, while house sales reflected higher-income purchasing patterns.

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