Cyprus Property Market Sees Strong Start in 2025

by THEFUTURE.TEAM

February 6, 2025

The Cyprus property market has made an impressive start to 2025, with property sales contracts increasing by 21% year-on-year in January. According to the Department of Lands & Surveys, all districts showed growth, with Famagusta leading with a 40% rise, followed by Limassol at 36%. Larnaca saw a 20% increase, Nicosia registered a 13% rise, and Paphos experienced a 5% growth.

This surge in property sales reflects growing investor confidence, supported by economic stability, foreign investment, and local demand. Limassol continues to attract business buyers, while Famagusta’s coastal properties gain attention. Larnaca’s infrastructure developments are also driving sales, and Nicosia remains stable as the capital.

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However, MPs have raised concerns about rising property prices driven by foreign buyers, which could affect local buyers, particularly young couples. Foreign property ownership is typically permitted within the EU, but some countries impose restrictions. For example, Spain is considering higher property taxes for non-EU buyers in response to its housing crisis.

Market Segment Breakdown

Domestic Market: Property sales to Cypriot buyers increased by 27%, accounting for 60% of total sales. Growth was significant in Limassol (+50%), Larnaca (+22%), and Nicosia (+18%).
Overseas Market: Sales to foreign buyers rose by 12%. Famagusta (+74%) and Limassol (+16%) saw notable increases, while Nicosia experienced a 10% decline.
EU Citizens: Sales to EU nationals surged by 44%, with Famagusta showing a remarkable 533% increase from just 3 transactions in January 2024 to 19 in January 2025.
Non-EU Citizens: Sales to non-EU buyers grew modestly by 1%, though some districts saw declines, particularly Nicosia (-27%) and Paphos (-15%).

Foreign buyers continue to dominate Paphos, where nearly 75% of property transactions are made by non-Cypriots.

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Wizz Air Reopens Fixed Price Flight Subscription In Cyprus

by THEFUTURE.TEAM

March 13, 2026

Overview Of The New Subscription Model

Low-cost airline Wizz Air has reintroduced its fixed-price flight subscription, Wizz MultiPass, for passengers in Cyprus. The program allows travellers to secure fixed flight prices on international routes to and from Cyprus for one year, regardless of seasonal demand or short-term fare fluctuations.

Subscription Details And Benefits

The subscription targets passengers who travel regularly and plan trips in advance. Members receive one confirmed one-way or return flight each month, provided bookings are made at least five days before departure. Optional services can be added depending on travel preferences. These include Wizz Priority, which provides priority boarding and two cabin bags, plus a 20-kilogram checked bag.

Flexible Booking And Pricing Structure

Subscribers can book their first flight immediately after activating the plan, with travel possible from five days later. The subscription renews automatically on the first day of each month. Passengers who sign up mid-month can still start using the service if at least five days remain in the month. In such cases, the first payment is charged immediately, and the subscription resets on the first day of the following month.

Detailed Fare Breakdown

For one-way travel, the first-month fee is €156, followed by a recurring monthly charge of €57 for the remaining 11 months. Passengers choosing return flights pay an initial fee of €312, with a monthly charge of €114 thereafter. Additional services are available at an extra cost. Wizz Priority costs €33 for one-way flights and €66 for return trips, while a 20-kilogram checked bag costs €42 one way or €84 for return travel.

Strategic Differentiation And Customer Impact

The subscription is designed for passengers in Cyprus who travel frequently on fixed routes and prefer predictable travel costs. Wizz MultiPass differs from the airline’s “Wizz All You Can Fly” program, which allows multiple flights across the airline’s network but requires a £8.64 booking fee per flight and limits bookings to the final 72 hours to three hours before departure, depending on seat availability.

Expert Commentary And Market Trends

Silvia Mosquera Gonzalez, Chief Commercial Officer at Wizz Air, noted that travellers increasingly seek price stability when planning trips, particularly during peak travel periods. She stated that the Wizz MultiPass subscription allows passengers in Cyprus to secure fixed travel costs for an entire year, whether they travel frequently for work or plan several leisure trips. The program reflects broader efforts by airlines to introduce subscription-style products that provide predictable pricing in a market characterized by fluctuating fares.

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