Cyprus Luxury Real Estate Soars: February 2025 Sees Impressive Growth

by News Editor

April 8, 2025

In a remarkable turn, Cyprus’ luxury property scene witnessed a significant upswing in February 2025, recording an impressive €64.8 million across the top 50 transactions, as revealed by real estate analytics firm Ask Wire.

Leading the charge, Limassol commanded attention, clinching eight out of the top ten high-value deals, amassing €26.55 million. Paphos followed with considerable clout, contributing transactions worth €10.2 million.

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Noteworthy deals include a €9.4 million field in Tserkezoi, Limassol, and a €7.6 million mixed-use property in Kato Paphos. Residential properties, such as a €3.7 million apartment building in Limassol’s Potamos Germasogeias, continue to draw keen interest.

Limassol accounted for an impressive €29.2 million or 45% of the nation’s high-end property activities. Meanwhile, Paphos, Nicosia, Larnaca, and Famagusta trailed with lower figures, highlighting geographic imbalances in investment focus.

While residential properties were the mainstay, the robust €9.4 million field deal signals a diversified portfolio opportunity, ushering in a new investment dialogue.

CEO Pavlos Loizou of Ask Wire emphasized, “Limassol continues to attract significant investments, underscoring its appeal to international and institutional entities.”

The Future Forbes Realty Global Properties

Digital Euro Moves Forward In EU Push For Payment Independence

by THEFUTURE.TEAM

April 28, 2026

Strengthening Strategic Autonomy

At an event held at the House of the Euro in Brussels on April 22, central bank officials discussed the role of a digital euro in strengthening the European Union’s financial independence. Participants included Stelios Georgakis, Payments Supervision Director at the Central Bank of Cyprus, and Joachim Nagel, President of the Deutsche Bundesbank.

Redefining Central Bank Role In A Digital Era

Nagel stated that the digital euro is no longer viewed solely as a technical development but also as part of a broader policy direction. He emphasized the need to strengthen Europe’s payment infrastructure to ensure resilience and independence. The digital euro is intended to complement cash rather than replace it, maintaining the role of central bank money in a more digital financial system.

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Reducing Dependence On Non-European Infrastructure

According to Nagel, around two-thirds of card payments in Europe currently rely on non-European systems. This reliance is seen as a structural vulnerability. A digital euro could help reduce this dependency by supporting a more integrated and locally controlled payments framework.

Legislative Roadmap And Timeline

Looking ahead, Nagel expressed a strong optimism regarding the legislative process, suggesting that completion could occur by year‑end. This progress may set the stage for the first issuance of the digital euro as early as 2029, in alignment with Europe’s broader ambitions for financial resilience and technological advancement.

Comprehensive Payments Strategy

During the discussion, Georgakis outlined the European Central Bank’s approach to payments. The strategy combines retail and wholesale systems, including instant payments, a digital euro, and infrastructure based on distributed ledger technology. Improving cross-border payment efficiency remains a key objective.

Transforming Europe’s Financial Landscape

The discussion reflected alignment between central banks, policymakers, and other stakeholders on the direction of Europe’s payment systems. Development of a digital euro is positioned as part of a broader effort to strengthen financial infrastructure, support economic resilience, and maintain the euro’s role in a changing global environment.

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