Cyprus Property Market Sees Sustained Growth In February 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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Eurobank Approves €258.7M Dividend And €288M Share Buyback

by THEFUTURE.TEAM

April 29, 2026

Robust Dividend And Share Repurchase Initiatives

Eurobank S.A. shareholders approved a dividend distribution of €258.7 million at the annual general meeting held on April 28. The resolution was supported by approximately 77% of paid-up capital, representing more than 2.77 billion voting shares. The dividend will be paid from special reserves and remains subject to approval by the European Central Bank.

Strategic Share Buyback And Capital Optimization

In addition, shareholders approved a share buyback programme of up to €288 million over the next 12 months, pending regulatory clearance. The programme includes the cancellation of 28,097,019 own shares, which will reduce share capital by approximately €6.18 million. Following this adjustment, total share capital is set at €792,751,032.04, divided into around 3.6 billion ordinary voting shares with a nominal value of €0.22 each.

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Enhanced Executive And Employee Incentives

Alongside capital measures, the meeting addressed remuneration. Shareholders approved an allocation of €35.2 million from special reserves for employee compensation. A five-year programme was also introduced to distribute shares to eligible executives and employees of Eurobank and affiliated entities. In parallel, a revised variable remuneration framework allows selected senior executives to receive up to 200% of fixed pay.

Governance And Audit Oversight Reforms

Changes were also made at the board level. Alexandra Reich was appointed as an independent non-executive director, replacing Jawaid Mirza. Following this appointment, eight of the thirteen board members are classified as independent. Amendments to the articles of association introduce flexibility in board terms and allow partial renewals.

Strengthening Audit And Sustainability Commitments

On the audit side, KPMG Certified Auditors S.A. was appointed as the statutory auditor for 2026. The fee is set at €1.8 million for statutory audits of separate and consolidated financial statements, with an additional €0.3 million allocated for assurance of the sustainability statement. The meeting also approved the 2025 remuneration report and confirmed committee fee arrangements, alongside updates on audit committee activity and independent director reporting.

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