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Cyprus Real Estate: Apartment Sales and Robust Local Demand Sustain Market Resilience

by THEFUTURE.TEAM
May 26, 2025

Record Transaction Value Amid Global Uncertainty

In an impressive demonstration of stability, Cyprus’ real estate market reached a historic transaction value of €5.71 billion in 2024—a modest 1% increase over the previous year. This record was achieved despite a 3% decline in the number of transactions, underscoring the market’s resilience in the face of persistent global economic challenges.

Dominance of Residential and Commercial Sectors

Residential real estate remained the engine driving the market, with a staggering €3.8 billion in transactions (67% of total value). Meanwhile, the commercial sector experienced a notable uplift in value, compensating for declines in other categories. Limassol, emerging as the clear frontrunner with 44% of total transaction value, continues to be the epicenter of both luxury and mainstream developments.

Shifting Dynamics in Foreign Investment

The report from PwC reveals a 10% overall decline in foreign buyer demand in 2024. However, districts such as Nicosia, Famagusta, and Larnaca bucked this trend, registering growing international interest. Even though areas like Paphos and Limassol saw reduced foreign transactions, they still together accounted for more than 60% of property sales to non-nationals.

Luxury Market and Development Trends

The luxury segment, representing 9% of the total transaction value, recorded 188 transactions of high-end properties valued above €1.5 million, totaling €500 million. Limassol led luxury transactions with 74% of expenditure followed by Paphos. Additionally, while the number of building permits dropped by 2%, the value of these permits increased by 2%, reflecting a strategic pivot towards higher-quality, high-value developments in commercial and non-residential projects.

Outlook for 2025: A Promising Start

Recent data from the Cyprus Real Estate Agents Registration Council signals a positive market trajectory for 2025. With a 15% increase in sale contracts during the first quarter, and transaction values exceeding €1.1 billion, market prospects remain buoyant. Limassol continues to dominate in both sale contracts and transaction values, while Nicosia, Paphos, and Larnaca show sustained and emerging strengths respectively.

Apartment Sales: The Fuel for Continued Growth

Data from Landbank Real Estate Analytics highlights a significant shift in buyer preferences. Apertment sales surged by 22.7% in volume and 9% in value to €1.5 billion, in stark contrast to a decline in new house sales. This trend underscores local buyers’ prioritization of affordability and accessibility. Moreover, with Nicosia, Limassol, Larnaca, and Paphos each recording dynamic shifts in their housing segments, strategic investments are adjusting to meet the evolving market demands.

Conclusion

Despite a fluctuating global economic environment, Cyprus’ real estate market has demonstrated robust resilience through strategic emphasis on residential, commercial, and luxury sectors. The sustained demand for apartments and the emerging shift in foreign investor interest toward more accessible regions present a balanced yet dynamic outlook for 2025, positioning the market for continued strength and adaptive growth.

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM
August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.

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