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Cyprus Tourism Adjusts Expectations Amid Shifting International Flows

As early June unfolds, Cyprus is witnessing a gradual upswing in tourist arrivals. Industry experts caution that while the increase could help narrow the gap with last year’s figures, overall numbers are unlikely to recover to previous levels fully.

Resurgence In Israeli Tourism

One of the key markets for Cyprus remains Israel. Following the incident at the British Bases in March, arrivals from Israel, traditionally among the island’s highest-spending visitors, declined noticeably. Recent figures from Hermes Airports, however, point to a recovery. On Tuesday, 13 flights from Israel arrived at Larnaca Airport and six at Paphos Airport. Wednesday’s schedule included 14 arrivals at Larnaca and seven at Paphos.

Impact Of Geopolitical And Seasonal Dynamics

The increase in flights coincides with the start of the summer season and a period of relative calm in the region. Although isolated ceasefire violations have been reported in recent days, tensions remain lower than during the initial phase of the conflict.

Economic Implications And Industry Projections

Speaking to the Financial Mirror, Association of Cyprus Travel and Tourism Agents (ACTTA) President Haris Papacharalambous said the recent increase in Israeli arrivals is linked primarily to regional developments rather than seasonal factors. Papacharalambous estimated that tourist arrivals could end the year around 13% below 2025 levels, resulting in losses of approximately €700 million for the tourism sector and the wider economy.

Media Influence And Future Outlook

Papacharalambous also argued that extensive media coverage of negative events, including the drone incident at the British Bases, contributed to cancellations and prompted some travellers to choose alternative destinations. According to him, once a market is lost, reversing cancellations and restoring visitor confidence becomes significantly more difficult. He said the industry should focus on rebuilding demand ahead of the remainder of the season.

British Tourist Market Strength

Cyprus also continues to see strong demand from the United Kingdom. According to Hermes Airports, Tuesday recorded 12 arrivals from England at both Larnaca and Paphos airports. Wednesday’s schedule increased to 14 flights to Larnaca and 19 to Paphos. Figures relating only to flights from England highlight the importance of the British market, particularly for Paphos, where a growing number of visitors have developed long-term ties to the region, including through permanent relocation and property ownership.

Athens And Nicosia Still Offer Some Of Europe’s Most Affordable Apartments, Despite Rising Prices

Housing costs in Nicosia remain well below those in most western European capitals, according to new data from Global Property Guide, highlighting the wide gap in residential property prices across Europe.

Nicosia And Athens Remain Among Europe’s More Affordable Capitals

The latest figures from Global Property Guide, which tracks residential property markets across 88 countries, show that both Nicosia and Athens remain among Europe’s more affordable capital cities, despite years of steady price growth.

In Cyprus, the median asking price for a one-bedroom apartment in Nicosia stands at €145,000. Two-bedroom apartments are priced at €205,000, while three-bedroom homes reach €280,000.

That places Nicosia slightly above Athens in the one-bedroom category, where the Greek capital records a median asking price of €135,000. For two-bedroom and three-bedroom apartments, however, prices are identical in both cities at €205,000 and €280,000, respectively.

Western Europe Commands A Premium

Athens also remains relatively affordable by European standards. Median asking prices for one-bedroom apartments reach €174,000 in Warsaw, €240,000 in Madrid, €310,000 in Milan and €325,000 in Berlin.

The gap is even more pronounced in Western Europe, where one-bedroom apartments cost around €440,000 in both Paris and Lisbon, more than three times the price seen in Athens.

The difference becomes even greater for larger homes. A three-bedroom apartment carries a median asking price of €280,000 in both Athens and Nicosia, compared with €685,000 in Lisbon, €690,000 in Milan, €845,000 in Berlin and €1.08 million in Paris.

For two-bedroom apartments, the contrast is equally striking. While homes are priced at €205,000 in Athens and Nicosia, equivalent properties cost €380,000 in Madrid, €455,000 in Milan, €527,000 in Berlin, €620,000 in Lisbon and €695,000 in Paris.

Europe’s Most Expensive Property Markets

Global Property Guide’s data also highlights the wide variation in residential property prices across Europe.

Zurich is the continent’s most expensive market for a one-bedroom apartment, with a median asking price of €1.151 million. It is followed by Luxembourg (€669,000), Copenhagen (€601,000), Munich (€548,000) and London (€522,000), while Paris and Lisbon are both priced at around €440,000.

The Most Affordable Cities

At the other end of the market, the lowest asking prices are concentrated in south-eastern and eastern Europe. Median asking prices for a one-bedroom apartment stand at €125,000 in Riga, €118,000 in Podgorica, €110,000 in Bucharest, €103,000 in Sarajevo and €79,000 in Chisinau.

According to the report, Skopje is Europe’s most affordable capital for one-bedroom apartments, with a median asking price of just €55,000.

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