Cyprus Real Estate Sales Surge in Early 2025: A Data-Driven Insight

by News Editor

May 7, 2025

Cyprus has seen a notable uptick in real estate transactions in the first quarter of 2025, marking a 12% rise compared to the same period last year, according to the Department of Land and Surveys. This growth reflects the intriguing dynamics of the Cypriot property market.

While April 2025 saw a 3% national increase in sales, individual districts showed varied performances. Explore more on Cyprus property sales.

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Regional Highlights

Limassol continues to lead with a 5% increase in April sales, contributing to a total of 1,756 transactions in early 2025. Meanwhile, Nicosia reported an impressive 15% jump in April sales, totaling 1,286 transactions.

Conversely, Larnaca and Paphos experienced declines in April but showed resilience over the four months with respective increases of 15% and 4%. In contrast, the Famagusta district stood out with a 33% boost in April sales.

Trends in Property Prices

The average price of new apartments in Cyprus experienced an 11% decline in 2024, landing at €281,000. In contrast, Famagusta saw price hikes for both apartments and houses, revealing a regional divergence in market trends. For an in-depth analysis, see our related insights on financial trends.

Market Dynamics

According to Landbank Analytics, a shift toward more affordable properties among local and foreign buyers is reshaping market dynamics, particularly in regions like Limassol. This trend indicates a broader movement towards more cost-effective living solutions in Cyprus.

Stay informed about property market shifts and financial trends by following our blog for the latest data and insights.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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