Cyprus Real Estate Holds Steady: Q4 2024 RICS Index Signals Resilience Amid Select Shifts

by THEFUTURE.TEAM

February 25, 2025

The latest edition of the “RICS Cyprus Property Price Index with KPMG in Cyprus” for Q4 2024 reveals a market in balance. KPMG in Cyprus reports that, overall, property prices have stabilized—a trend that has persisted over recent quarters—even as select segments exhibit modest shifts.

Stable Prices Across Most Segments

According to Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group at KPMG in Cyprus, the Index shows minimal changes across most asset categories. In key markets like Limassol, Larnaca, and Famagusta, property prices remain steady, while retail values experienced a slight dip. Notably, warehouses and apartments in Paphos and Nicosia registered some pricing adjustments, highlighting localized market dynamics.

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Rental Markets On The Rise

In contrast to the stable sales prices, rental values continue to trend upward. Offices have seen a significant surge in rents, with residential leases also on the rise. Conversely, rental rates for shops and holiday apartments have softened. Despite these shifts, overall property yields have experienced only marginal fluctuations—an indicator that the market is gradually rebalancing itself.

A Global Perspective Amid Local Resilience

RICS Chief Economist Simon Rubinsohn notes that the subdued movement in the Cyprus Property Price Index aligns with trends captured by the RICS Commercial Property Monitor. Investment inquiries and foreign buyer interest appear to be leveling off, even as a resilient macroeconomic environment continues to support the market amid geopolitical uncertainties.

Looking Ahead: Strategic Stability And Diversification

As Cyprus navigates an increasingly complex international landscape, the stability in its real estate market offers a silver lining for investors and policymakers alike. The Index not only underscores the sector’s steady performance but also highlights the selective shifts—such as in warehouses and apartments—that may signal evolving investor preferences and market segmentation.

In summary, Cyprus’ real estate market remains robust, characterized by stable prices and rising rental income, even as certain asset classes experience localized changes. This resilience, combined with a balanced yield profile, positions Cyprus favorably as the nation continues to attract both domestic and international investment.

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Aegean Airlines Reports Higher Revenue And Profit In 2025

by THEFUTURE.TEAM

March 12, 2026

Financial Performance Overview

Greek air carrier Aegean Airlines delivered a solid financial performance in 2025, reporting increased revenue, profits, and passenger volumes as it advanced its expansion strategy. The consolidated revenue rose by 5% to reach €1.86 billion for the year, buoyed by a combination of network growth and heightened winter demand.

Expansion Strategy And Market Position

Capacity growth remained a central part of the airline’s strategy. Aegean Airlines offered 21 million available seats across domestic and international routes in 2025, representing a 6% increase compared with the previous year. The airline also expanded capacity during traditionally weaker travel periods to reduce the impact of seasonality. As a result, the annual load factor reached 82.5%, while total passenger traffic increased to 17.3 million, nearly one million more than in 2024.

Profitability And Dividend Proposal

Operating performance improved during the year. EBITDA reached €421.5 million, while pre-tax profit rose 17% to €192.1 million. Net profit increased 14% to €147.8 million. Additional costs related to European environmental regulations and the use of Sustainable Aviation Fuel added €43.3 million to operating expenses during the year. Lower fuel prices and a favorable euro exchange rate helped offset part of this impact. The board of directors has proposed a dividend of €0.90 per share, which will be submitted for approval at the upcoming annual general meeting.

Outlook Amid Geopolitical Volatility

Chief executive Dimitris Gerogiannis said the airline’s performance in 2025 was supported by network expansion, the delivery of new aircraft and higher capacity during off-peak travel periods. Looking ahead, he noted that rising geopolitical tensions in the Middle East could affect operations. Flights to the region represent approximately 4–5% of the airline’s total scheduled activity, and disruptions could influence demand and fuel costs. Higher fuel prices are expected to affect performance during the first quarter. Nevertheless, strong cash reserves and existing fuel hedging strategies are expected to help the airline manage potential volatility.

Debt Repayment And Financial Stability

The company also strengthened its balance sheet by repaying a €200.3 million common bond loan on March 12, 2026. The payment settled all obligations linked to the bond issued in March 2019. By the end of 2025, Aegean Airlines reported €955.1 million in cash, cash equivalents and financial investments, highlighting a strong liquidity position.

Conclusion

Aegean Airlines’ performance in 2025 reflects a well-executed blend of strategic expansion and fiscal discipline, positioning the carrier for continued success despite a challenging global environment. The company’s ability to sustain operational efficiency and profitability while managing external risks sets a compelling example for the aviation industry as it navigates an era of heightened market uncertainties.

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