Cyprus Property Prices Rise As Residential Demand Supports Market

by THEFUTURE.TEAM

August 25, 2026

Residential Demand Remains A Key Support

Residential property values continued to rise, with Larnaca and Paphos recording some of the strongest gains. Holiday properties also remained positive, with apartments outperforming holiday houses as demand for tourism-linked real estate continued.

“Housing values also recorded positive gains, particularly in Larnaca and Paphos, reflecting continued demand in the residential sector,” Anayiotos said.

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Commercial Property Shows Mixed Performance

Commercial real estate recorded more moderate gains during the quarter. Office values increased most strongly in Larnaca, while warehouse prices also rose, supported by gains in Larnaca and Paphos.

Retail remained the weakest-performing segment. Growth was modest across most districts, while Famagusta recorded a slight decline.

Rents Continue To Rise

Rental values increased during the quarter, led by apartments, followed by holiday properties and houses. The gains point to continued demand for rental housing as supply remains constrained in some parts of the market.

“The second quarter reflects a stable and healthy market environment, underpinned by sustained demand for residential and holiday assets, while commercial properties continue to show selective growth,” Anayiotos said.

Geopolitical Risks Have Not Weakened Property Demand

RICS chief economist Simon Rubinsohn said Cyprus’ property market has remained resilient despite geopolitical uncertainty. He added that concerns about the potential impact on tourism have not translated into weaker prices for holiday-related properties.

“The Cypriot economy continues to demonstrate considerable resilience in the face of the ongoing geopolitical challenges,” Rubinsohn said.

Commercial property sentiment has also improved after a weaker start to the year, according to Rubinsohn. Overseas investment enquiries have begun to recover, while the RICS Cyprus Commercial Property Monitor recorded a modest improvement in sentiment in recent months.

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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.

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