House Prices In Cyprus Edge Up 1% In Q2 Amid Steady Market Indicators

by THEFUTURE.TEAM

October 8, 2025

Data published by the Cyprus Statistical Service confirms that residential property values in Cyprus experienced a modest 1% year-on-year increase in the second quarter of 2025. The House Price Index reached 113.99 units, reflecting incremental growth as the market continues to evolve.

Steady Quarterly Growth

The House Price Index demonstrated a 0.2% quarter-on-quarter increase, underscoring resilience within the residential market. Though the changes are incremental, the annual gain of 1% signifies a stable trend, providing market participants with confidence in the continuity of these developments.

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Robust Methodological Approach

The index methodology is both comprehensive and precise. It captures price changes for both new and existing residential properties, including the land component of the real estate. By employing a rolling window hedonic regression model for separate dwelling groups, and subsequently weighting them based on the previous year’s property values, Cystat ensures that the index reflects a balanced and accurate portrayal of the market. The base year is set at 2015, when the index was calibrated at 100 units.

Comprehensive National Coverage

The collected data, sourced in part from the Department of Lands and Surveys, cover all areas under the jurisdiction of the Republic of Cyprus. This extensive scope offers valuable insights for policy makers, investors, and analysts who depend on reliable indicators to assess market dynamics in a challenging global economic environment.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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