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EU Renewable Energy Surge Reaches 49.3 Percent While Cyprus Remains Behind

Steady Progress in the European Energy Transition

Eurostat data for the third quarter of 2025 confirms that renewable energy now accounts for 49.3 percent of net electricity generated across the European Union. This notable increase of 3.8 percentage points from 47.5 percent in 2024 underscores a robust commitment to the bloc’s energy transition, driven by higher solar and wind output.

Diverging National Trends

Despite the overall positive momentum, the figures reveal significant disparities among member states. Cyprus notably trailed its peers, ranking fifth from last in renewable electricity generation for the period. In contrast, only France, Slovakia, Czechia, and Malta registered lower renewable shares, with Malta positioned at the bottom.

National Leaders and Key Gains

The analysis identifies Denmark as the frontrunner with an impressive 95.9 percent share, followed closely by Austria at 93.3 percent and Estonia at 85.6 percent. Meanwhile, Malta, Czechia, and Slovakia recorded the lowest figures at 16.6 percent, 19.7 percent, and 21.1 percent respectively. Notably, 21 EU countries registered annual increases in the share of renewable energy sources, with Estonia, Latvia, and Austria experiencing the most substantial gains of 20.6, 18.9, and 16.3 percentage points respectively.

Monthly Fluctuations and Energy Mix

Cyprus exhibited significant month-to-month variations during the summer. Renewable electricity generation in the island nation was measured at 655.94 GWh in July, dipping to 512.39 GWh in June and further fluctuating in subsequent months, with September recording 544.89 GWh and August peaking at 640.49 GWh. Across the EU, the renewable mix was led by solar energy at 38.3 percent, followed by wind at 30.7 percent and hydro at 23.3 percent, while combustible renewable fuels and geothermal energy represented 7.2 percent and 0.5 percent respectively.

Looking Ahead

The EU’s drive towards a greener future is marked by gradual yet steady progress. However, the divergent performances among member states signal a need for targeted policies and strategic investments, particularly for countries like Cyprus that continue to underperform in the renewable domain.

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

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.

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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