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Delfi Analytics: Cypriots Driving the Real Estate Market

by THEFUTURE.TEAM

According to the latest report by Delfi Analytics, Cypriots are playing a pivotal role in driving the country’s real estate market. This trend, marked by increased domestic activity, is underscored by significant indications of growing local investments in property. The analysis provides an in-depth look at the current dynamics of the real estate sector, highlighting the substantial contribution of Cypriot buyers.

The report from Delfi Analytics indicates a robust demand for real estate among Cypriots, a trend that has gained momentum over recent years. This surge is attributed to several factors, including favourable economic conditions, increased consumer confidence, and attractive financing options provided by local banks. These elements have collectively created an environment conducive to property investment, spurring a wave of domestic purchases.

One of the key findings of the report is the notable preference among Cypriots for residential properties. The demand for homes, particularly in urban areas, has been on the rise, driven by the desire for better living standards and the increasing value placed on homeownership. This shift is evident in the significant number of transactions involving apartments and houses, with many buyers seeking properties that offer modern amenities and prime locations.

The growth in domestic real estate activity is also reflected in the increasing number of new developments and construction projects. Developers are responding to this demand by launching new residential complexes and housing projects, which cater specifically to the needs and preferences of local buyers. This boom in construction is contributing to the overall growth of the real estate sector, generating economic benefits and creating job opportunities.

Moreover, the report highlights the role of government initiatives in supporting the real estate market. Policies aimed at promoting homeownership and providing incentives for property investment have been instrumental in encouraging Cypriots to invest in real estate. These measures include tax benefits, subsidies for first-time buyers, and schemes that facilitate easier access to housing loans. Such initiatives have been pivotal in making property investment more accessible and attractive to the local population.

The analysis also points to a growing interest in real estate as a form of investment. Many Cypriots view the property as a stable and profitable investment option, offering long-term returns and a hedge against inflation. This perspective is driving a trend where more individuals are diversifying their investment portfolios to include real estate, further boosting market activity.

Cyprus And Sweden Update Double Tax Treaty To Align With OECD Standards

by THEFUTURE.TEAM

Cyprus and Sweden have signed a protocol revising their bilateral double taxation agreement, a move designed to bring the treaty into line with OECD tax standards and deepen cooperation on transparency and information exchange.

The protocol was signed on behalf of the Republic of Cyprus by Finance Minister Makis Keravnos, while Swedish Ambassador Martin Hagstrom signed for Sweden, according to a statement from the finance ministry.

A Modernised Treaty Framework

The ministry said the protocol updates the original 1988 Convention for the Avoidance of Double Taxation with respect to taxes on income. The revised text incorporates the minimum standards of the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, adds provisions relating to bilateral tax treaties and introduces mutually agreed language governing the exchange of tax information.

According to the ministry, Sweden encountered constitutional obstacles that complicated the implementation of the Multilateral Instrument (MLI), the OECD-led mechanism designed to quickly and automatically embed BEPS measures into existing tax treaties. As a result, Cyprus and Sweden opted to conclude a separate protocol to secure the relevant amendments.

Why The Agreement Matters

Once both countries complete their domestic ratification procedures, the protocol will enter into force. For Cyprus, the deal is part of a broader effort to expand and update its tax treaty network, a policy the government says supports inward investment and reinforces the country’s standing as an international business hub.

“The updating, maintenance and expansion of the existing network of double taxation avoidance agreements, which are of the highest economic and political importance, aims to further strengthen and attract foreign investment and promote Cyprus as an international business centre,” the finance ministry said.

The ministry added that such agreements also help to “advance tax transparency, fairness and compliance in line with international standards.”

Part Of A Wider Treaty Expansion Strategy

The Cyprus-Sweden protocol follows a series of recent treaty-signing efforts as Nicosia accelerates its international tax diplomacy. In June 2026, Cyprus signed a double taxation agreement with the Hong Kong Special Administrative Region of the People’s Republic of China, creating a framework for tax cooperation, tax information exchange and the prevention of tax evasion and avoidance. The ministry said at the time that the agreement would support investment and trade between the two jurisdictions.

“The agreement creates a modern and reliable framework for tax cooperation that is expected to facilitate business activity and strengthen investment flows as well as trade transactions,” the ministry said then.

Earlier in 2025, Cyprus also concluded similar agreements with Vietnam and Curacao, underscoring a deliberate strategy to broaden its treaty network, reduce tax uncertainty for cross-border investors and strengthen its position as an international centre for business and capital flows.

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