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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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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