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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.

EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM
November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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