Exploring The Potential Of A Tram System In Limassol

by News Editor

March 7, 2025

The coastal city of Limassol is actively considering the introduction of a tram system to tackle its persistent traffic problems. Scheduled on March 18, a pivotal conference aims to evaluate this public transport solution’s feasibility.

Learning From Marseille

Mayor Giannis Armeftis, during discussions with French Ambassador Clelia Chevrier Kolacko, highlighted plans to draw lessons from Limassol’s sister city, Marseille, and other French cities.

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A Catalyst For Urban Renewal

Experts in both technical and economic fields will be at the conference to discuss how a tram system might not just ease congestion but also trigger wider urban redevelopment. According to Armeftis, trams can enhance city life by linking to high-quality public spaces.

The Cost Of Overreliance On Cars

Currently, traffic is a significant concern since 90% of residents depend on private vehicles. The continued dependency is costly, both financially and in time wasted. It is essential for Limassol to explore sustainable alternatives to improve its urban environment.

This event is poised to shape Limassol’s future, aligning with larger trends in the transportation and storage sectors experiencing positive growth.

The Future Forbes Realty Global Properties

Cyprus Construction Price Index Rises Amid Cost Pressures

by THEFUTURE.TEAM

February 19, 2026

The latest data from the Cyprus Statistical Service (Cystat) shows that the Price Index of Construction Materials in Cyprus reached 118.89 points in January 2026, based on a 2021 average of 100. Compared with December 2025, the index increased by 0.12%, indicating gradual price adjustments across the sector.

Year-Over-Year Growth

On an annual basis, the index recorded a 1.09% increase compared with January of the previous year. The rise reflects ongoing changes in contractor costs and highlights evolving market conditions within the construction industry.

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Commodity-Specific Movements

The report provides a detailed breakdown by material category. Minerals recorded the strongest annual increase at 2.91%, followed by electromechanical products at 2.55%. Products made from wood, insulation materials, chemicals and plastics rose by 1.19%, while mineral products increased by 0.97%. In contrast, metallic products declined by 0.49%.

Volatility In Sub-Categories

More pronounced changes were observed within specific sub-categories. Mineral aggregates rose by 8.34%, while stones increased by 4.97% compared with January 2025. Electrical fixtures posted a 4.65% increase. Iron and steel products declined by 1.73%, and ceramics and cement continued to trend lower, falling by 1.47% and 1.38% respectively.

Methodological Insights

The index is calculated as a weighted average based on the expenditure share of sampled materials during the 2021 base year. Prices are collected monthly from a range of suppliers, using the 15th of each month as the reference date and excluding VAT. The Construction Costs Index applies specifically to new residential buildings.

This detailed analysis not only sheds light on current market trends but also offers stakeholders a robust framework for understanding the underlying cost dynamics in Cyprus’s construction materials market.

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