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Cyprus Real Estate Market Experiences Best Seven-Month Period Since 2008

by THEFUTURE.TEAM

August 5, 2024

The real estate market in Cyprus has recorded its most successful seven-month period since 2008, reflecting a robust recovery and growing investor confidence. The surge in property transactions is driven by both domestic and international demand, indicating a healthy economic rebound.

Key Factors Contributing to the Boom

Favourable Financing Conditions: Low interest rates and accessible mortgage options have made property investments more attractive.
Government Incentives: Various governmental policies and incentives have stimulated the market.
Stable Economic Environment: Cyprus’s stable economic conditions have reassured investors, leading to increased activity.

Domestic and International Demand

The demand for properties has risen significantly among both local and international buyers. This dual demand has been crucial in driving the market forward, contributing to a diverse and resilient real estate sector.

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Positive Outlook for the Future

Analysts remain optimistic about the future of Cyprus’s real estate market. The combination of favourable economic conditions, supportive government policies, and increasing investor confidence is expected to sustain the market’s growth trajectory.

The Cypriot real estate market’s performance in the past seven months is a testament to the country’s economic resilience and attractiveness as an investment destination. As the market continues to grow, stakeholders are optimistic about the sustained positive trend, anticipating further growth and development.

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Cyprus Emerges As A Leading Household Consumer In The European Union

by THEFUTURE.TEAM

June 30, 2025

Overview Of Eurostat Findings

A recent Eurostat survey, which adjusts real consumption per capita using purchasing power standards (PPS), has positioned Cyprus among the highest household consumers in the European Union. In 2024, Cyprus recorded a per capita expenditure of 21,879 PPS, a figure that underscores the country’s robust material well-being relative to other member states.

Comparative Consumption Analysis

Luxembourg claimed the top spot with an impressive 28,731 PPS per inhabitant. Trailing closely were Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), and Italy (21,986 PPS), with Cyprus rounding out this elite group at 21,879 PPS. These figures not only highlight the high expenditure across these nations but also reflect differences in purchasing power and living standards across the region.

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Contrasting Trends In Household Spending

The survey also shed light on countries with lower household spending levels. Hungary and Bulgaria reported the smallest average expenditures, at 14,621 PPS and 15,025 PPS respectively. Meanwhile, Greece and Portugal recorded 18,752 PPS and 19,328 PPS, respectively. Noteworthy figures from France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS) further illustrate the disparate economic landscapes within the EU. Spain’s figure, however, was an outlier at 10,899 PPS, suggesting the need for further data clarification.

Growth Trends And Economic Implications

Eurostat’s longitudinal analysis from 2019 to 2024 revealed that Croatia, Bulgaria, and Romania experienced the fastest annual increases in real consumer spending, each growing by at least 3.8%. In contrast, five member states, with the Czech Republic experiencing the largest drop at an average annual decline of 1.3%, indicate a varied economic recovery narrative across the continent.

This comprehensive survey not only provides valuable insights into current household consumption patterns but also offers a robust framework for policymakers and business leaders to understand economic shifts across the EU. Such data is integral for strategic decision-making in markets that are increasingly defined by evolving consumer behavior and regional economic resilience.