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Flights Resume Between Cyprus And Israel As Airlines Restore Routes

Cyprus Airways Reconnects Cyprus And Israel

Cyprus Airways has resumed daily flights between Larnaca and Tel Aviv, restoring a key air link between Cyprus and Israel. The decision follows a review of safety and operational conditions, as airlines gradually return to routes in the Middle East after earlier disruptions.

Aegean Airlines Restarts Critical Routes

Aegean Airlines is also reinstating services to Tel Aviv. Flights from Athens are scheduled to resume on April 28, followed by Heraklion on April 30. Additional routes from Larnaca, Rhodes, Riyadh, and Amman are planned for May, reflecting adjustments to meet changing travel demand.

Diversification Of Airlines And Operational Vigilance

Other carriers are returning to the market as well, including Israir, airHaifa, Arkia Israeli Airlines, and Sundor. Operations between Larnaca and both Tel Aviv and Haifa are being reintroduced. Airlines continue to monitor regional developments on a daily basis, allowing schedules to be adjusted if conditions change.

TUI Adjusts Revenue Forecasts Amid Geopolitical Uncertainty

Geopolitical tensions linked to Iran continue to affect the travel sector. TUI has revised its operating profit outlook and suspended revenue guidance as demand shifts away from Eastern Mediterranean destinations, including Turkey, Cyprus, and Egypt. The company’s shares fell 2.6% on Wednesday and are down 25% over the past three months.

Lufthansa Streamlines Operations Amid Soaring Fuel Costs

Rising fuel costs are also impacting airline operations. Lufthansa has announced the cancellation of 20,000 short-haul flights from its summer schedule. Earlier measures included closing its Cityline unit and retiring 27 older aircraft. The adjustments affect major hubs such as Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome. Similar steps have been taken by SAS Scandinavian Airlines and Air France-KLM, with the latter introducing a €100 surcharge on long-haul tickets.

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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