Cyprus Shipping Deputy Minister Outlines Maritime Decarbonization Priorities In Brussels Forum

by THEFUTURE.TEAM

December 3, 2025

Overview Of The Brussels Engagement

Cyprus Shipping Deputy Minister Marina Hadjimanolis is scheduled to travel to Brussels on Wednesday, in preparation for Thursday’s pivotal EU transport ministers meeting. The discussions are poised to focus on establishing global measures to decarbonize the maritime sector and setting the agenda for the Cyprus EU Council Presidency in the first half of 2026.

Shaping The Maritime Sector’s Future

During the meeting, Hadjimanolis will present Cyprus’ strategic priorities on maritime transport. Central to her agenda is the sector’s transition towards cleaner fuel options and the formulation of internationally coordinated emissions rules. These initiatives are expected to bolster efforts across the EU in reducing the environmental impact of maritime operations, thereby enhancing the sustainability of global shipping practices.

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Bilateral Diplomacy And Strategic Dialogue

While in Brussels, the Deputy Minister will also engage in bilateral discussions with her counterparts from various EU member states. Notably, these include ministers from Denmark, which currently holds the Council Presidency, and from Ireland, poised to assume the role starting July 1, 2026. These meetings underscore the collaborative approach needed to navigate the complexities of aligning national and EU-wide maritime policy objectives.

Conclusion

The initiative marks a significant step in reinforcing the EU’s commitment to maritime decarbonization. As stakeholders converge in Brussels, Cyprus is set to play a critical role in sculpting a more sustainable future for the shipping industry, ensuring that economic growth aligns with environmental stewardship.

The Future Forbes Realty Global Properties

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

by THEFUTURE.TEAM

February 16, 2026

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

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Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

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