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Cyprus Set To Host FIBA EuroBasket 2025 In Limassol

by THEFUTURE.TEAM

August 26, 2025

Cyprus Makes A Landmark Debut

Cyprus is poised to enter the international basketball arena as Limassol prepares to host the FIBA EuroBasket 2025 from August 28 to September 4. This historic event will take place at the state-of-the-art Spyros Kyprianou Sports Centre, marking the island nation’s inaugural participation in the tournament and positioning it as a center for global sports excellence.

Economic And Tourism Boost

Deputy Minister of Tourism, Costas Koumis, highlighted the event as a prime opportunity to enhance Cyprus’ profile as both a tourist destination and a premier venue for international competitions. With preparations underway to welcome a five-digit number of foreign visitors, the tournament promises to inject significant revenue into the local economy, with projected economic impacts estimated between €13–17 million. This influx of visitors will invigorate local businesses and demonstrate Cyprus’ commitment to leveraging sports tourism for long-term growth.

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Global Audience And International Exposure

The tournament is set to capture the attention of a global audience, with broadcast coverage expected to reach, and potentially exceed, the 300 million viewers from EuroBasket 2022. In addition, a vibrant social media presence will further amplify the event’s impact. The participation of elite national teams and the debut appearance of the Cyprus national basketball team underscore the significance of this competition on both a European and international scale.

Robust Security And World-Class Preparations

Ensuring a safe and secure environment is paramount. Authorities have implemented advanced security measures including drones, sniffer dogs, and enhanced police presence. Comprehensive security drills at the Spyros Kyprianou Sports Centre have been conducted to fine-tune logistics, crowd management, and emergency response protocols, reaffirming Cyprus’ readiness to host a high-caliber sporting event.

Cultural Integration And International Partnerships

Beyond the game, the event is designed to celebrate Cypriot culture. A dedicated Fan Zone at the city’s Old Port will offer entertainment and live game screenings, while foreign journalists are invited to experience traditional Cypriot life with a guided tour of Lefkara, featuring local customs and culinary delights. This strategic blend of sport and culture is further bolstered by the support of esteemed sponsors such as Allianz, EKO, and the Bank of Cyprus, underscoring the event’s robust international partnerships.

A Turning Point For Cypriot Basketball

As the Cyprus Basketball Federation completes arena renovations ahead of schedule, the upcoming tournament is being hailed as a turning point that will firmly establish Cyprus on the international basketball map. With continued efforts by government officials and sports administrators, EuroBasket 2025 is set to deliver both prestigious exposure and tangible economic benefits, marking a new chapter for sports tourism and international engagement in Cyprus.

The Future Forbes Realty Global Properties

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

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Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.