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Cyprus Investment Citizenship: Data Insights and Revocation Procedures Under Scrutiny

Recent data from the Ministry of Interior underscores that 7,329 foreign nationals have acquired Cypriot citizenship through the Cyprus Investment Program, commonly referred to as the program for golden passports. Of these, 3,522 individuals are direct investors, while 3,807 are family members benefiting from the status of the principal investors.

Breakdown of Acquisitions and Revocation Measures

According to the latest figures provided by the Ministry, a total of 373 individuals are under review to have their citizenship revoked. This total includes 103 investors and 270 family members. In alignment with a systematic review process, revocation procedures have been completed for 116 individuals—35 of whom are investors, with the remaining 81 being family members.

Legislative and Administrative Oversight

The data was requested by Mr. Aristos Damianos, the President of the Parliamentary Committee on Internal Affairs, representing a collective inquiry of committee members. The detailed statistics were communicated in a letter dated October 30, 2025, signed by Mr. Elikkos Ilias, the General Director of the Ministry of Interior. The correspondence outlines not only the numbers of successful acquisitions but also provides a clear breakdown of the ongoing revocation processes.

Pending Revocation Considerations

Beyond those already targeted for revocation, the Ministry is examining a further 26 investor cases for potential future revocation proceedings. This step is part of a broader initiative to enhance the integrity and transparency of the citizenship acquisition process under the Cyprus Investment Program.

Conclusion

This comprehensive disclosure reflects the Cypriot authorities’ commitment to regulatory oversight in the realm of citizenship by investment. As Cyprus continues to be a focal point for global investors, these measures and their transparent communication provide a benchmark for similar programs internationally.

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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