Breaking news

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.

The Future Forbes Realty Global Properties

Genikes Insurance Wins Two Global Banking And Finance Awards

Genikes Insurance received two distinctions at the Global Banking and Finance Awards 2026, winning Best General Insurance Company in Cyprus and Best Insurance Website Cyprus. The awards reflect the company’s position within the Cypriot insurance market as well as its broader digital transformation strategy focused on expanding online services and improving customer experience.

Market Leadership And Digital Transformation

Genikes Insurance has invested in developing a more modern digital platform designed to simplify key insurance services, including policy issuance and online claims management. The company said the upgraded platform aims to improve efficiency and accessibility while strengthening its position within an increasingly competitive insurance sector.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Customer-Centric Approach

Commenting on the recognition, General Manager Christiana Agrotis said the company continues focusing on reliability, innovation and customer-focused services tailored to the needs of the Cypriot market. According to Agrotis, the recognition of the company’s digital platform also reflects the trust customers place in its services and broader insurance offering.

Technology-Driven Innovation

The updated website was designed to provide simpler navigation and improved access to insurance information and digital services. Company officials said the platform forms part of broader efforts to integrate technology more closely into customer service and operational processes. Genikes Insurance added that it remains focused on strengthening long-term customer relationships while continuing investments in digital capabilities and service development.