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Cyprus Property Market Sees Sustained Growth In February 2026

by THEFUTURE.TEAM

March 5, 2026

Market Overview

Property sales in Cyprus increased by 12% in February 2026 compared with the same month a year earlier, according to data from the Department of Lands and Surveys. A total of 1,537 properties were sold during the month, up from 1,371 in February 2025.

The latest figures follow an 11% increase recorded in January and a 24% rise in December 2025, indicating continued momentum in the property market at the start of the year.

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Regional Dynamics

Limassol recorded the strongest growth among Cyprus districts, with transactions rising by 24% year on year. The district registered 482 property sales compared with 389 during the same period last year, maintaining the highest transaction volume nationwide.

Activity in the Famagusta district also remained strong. Sales increased by 21% to 63 transactions, although the pace of expansion slowed slightly compared with the 23% growth recorded in January.

Elsewhere, Paphos posted a 14% increase in sales, rising from 280 to 319 transactions. Growth in the district moderated compared with the 25% increase reported at the beginning of the year.

Nicosia recorded a more gradual increase of 5%, reaching 332 transactions from 315 a year earlier. Larnaca registered modest growth of 2%, with 341 properties sold compared with 335 in February 2025.

Year-to-Date Analysis

Across Cyprus, property sales during the first two months of 2026 increased by 11% compared with the same period in 2025. The strongest performance was recorded in the free Famagusta district and Paphos, where transactions rose by 22% and 19% respectively.

This performance follows a strong year for the property sector in 2025. A total of 18,114 sales documents were filed, the highest annual level since 2007 and a 15% increase compared with the 15,797 recorded in 2024. The latest data indicate that the Cypriot property market continues to attract both domestic and international buyers, with transaction activity remaining elevated across most districts.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.