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Cyprus Poised For Year-Round Tourism Success Amid Summer Peak

Cyprus is set to redefine its tourism landscape, building on a stellar summer record while preparing an ambitious expansion of its winter offerings. Deputy Minister of Tourism Costas Koumis outlined a strategy aimed at capturing a larger share of the winter market during discussions at the 45th annual World Travel Market (WTM) 2025 in London, an event renowned for convening over 40,000 industry professionals from more than 180 countries.

Capitalizing On Summer Strength And Winter Opportunities

Koumis confidently noted that the island’s summer performance has reached unprecedented heights, forecasting its continuation into 2026. He emphasized that while the summer season has peaked, the pressing challenge now is to boost the winter tourism segment. The deputy minister cited a 5.2% increase in tourist arrivals from the British market between January and September 2025 compared to the previous year as a testament to Cyprus’ growing appeal.

Strategic Alliances And Expanded Winter Programs

Conversations with strategic tourism partners at the WTM revealed an optimistic outlook for winter programmes. Major British tour operators are expected to enhance their winter offerings significantly, a move that could transform Cyprus into a year-round destination. Koumis stressed that expanding winter initiatives is essential for maintaining revenue momentum, even as summer operations reach saturation.

Shifting Investment Models And Infrastructure Innovation

WTM 2025 featured over 70 sessions and panel discussions, during which industry leaders discussed topics ranging from artificial intelligence to sustainable infrastructures. Koumis contributed to several panels including one on rethinking investment models in tourism, while also engaging in bilateral discussions with officials such as Serbian Tourism Minister Husein Memic on future cooperation.

Robust Data And Future Growth Prospects

The latest statistics fortify Cyprus’ growth narrative: between January and September 2025, tourist arrivals surged by 10.3% year-on-year to 3.6 million, with tourism revenue climbing to €1.89 billion in the first seven months. Additionally, Cyprus recorded the highest increase in hotel overnight stays in Europe, and the revenue percentage among European Mediterranean destinations remains unmatched.

Building A Sustainable Year-Round Model

Industry experts, including Christos Angelides, Director General of the Cyprus Hoteliers Association, underscored the importance of an integrated ecosystem where hotels, local businesses, and communities collaborate to extend tourism beyond the summer months. Plans are already underway for several hotels in Ayia Napa, Protaras, and the Famagusta district to extend operations into November 2025, ensuring a prolonged engagement with visitors.

Diversification And Future Vision

Further bolstering its strategy, the Deputy Ministry of Tourism is diversifying the island’s tourism product by promoting sports, wellness, gastronomy, and conference tourism. These efforts aim to reduce the historical dependency on the sun-and-sea model, positioning Cyprus as a destination that offers authentic and sustainable experiences all year round.

As Cyprus prepares to extend its tourism window, the focus on winter growth and sustainable practices marks a pivotal shift in the island’s economic strategy, promising robust returns and enduring success in the competitive global landscape.

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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