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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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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.