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Cyprus Property Market Holds Steady As Costs And Supply Constraints Rise

by THEFUTURE.TEAM

September 18, 2026

Cyprus recorded 21,387 property transfers in 2025, broadly unchanged from 2024, while the value of transactions rose about 10% to €4.73 billion.

The figures were presented at the Cyprus Property Show, where government officials and representatives from the property, construction, engineering and investment sectors discussed housing supply, planning reform and rising costs.

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Government Seeks More Flexible Planning Rules

Interior Minister Konstantinos Ioannou said housing remains a government priority, with measures aimed at increasing supply and strengthening citizens’ purchasing power.

The government is revising local plans for major urban areas and the Policy Statement to create a more modern and flexible planning framework. First Town Planning Officer Heraklis Achniotis said the reforms could address long-standing weaknesses and shape development over the next 20 to 30 years.

Cyprus Land Development Corporation (KOAG) Director-General Eleni Symeonidou also outlined the organization’s projects aimed at addressing housing demand.

Engineers Warn Of Rising Building Safety Risks

Scientific and Technical Chamber (Etek) President Konstantinos Konstantis said Cyprus still needs a unified housing strategy, although some measures from the chamber’s 2023 housing policy memorandum have been adopted.

He warned that the number of older and potentially dangerous buildings could rise sharply without intervention. “If measures are not taken, the 5,000 dangerous buildings that exist today will become 15,000 or more within five years,” Konstantis said.

He called for regular building inspections through an MOT-style system.

Developers Call For Faster Licensing

The Cyprus Association of Large Investment Projects called for faster licensing of strategic investments and a stable planning, tax and investment framework.

The group also highlighted infrastructure, energy costs and access to specialized labor, while calling for greater use of technology and green-transition measures in new projects. It also urged Cyprus to pursue policies that attract long-term international investors.

Rising Costs Continue To Pressure Supply

Real estate agents cited geopolitical uncertainty, higher construction costs and changing economic conditions as growing challenges for the market.

Construction contractors pointed to similar pressures, including labor shortages and energy prices. Cyprus Association of Building Contractors Secretary-General Stefanos Pieridis said rising costs affect the entire development chain, reducing project viability and pushing up final property prices.

Banks Expand Digital Mortgage Services

Bank of Cyprus Director of Retail Banking Theodosis Theodosiou said the bank has expanded housing finance solutions and digital tools for homebuyers.

“With the new online mortgage service, the process is simpler and faster than ever,” he said.

Cyprus’s property market continues to record steady transaction volumes while facing pressures from affordability, supply constraints, construction costs, labor shortages and planning rules.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.