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India And China To Reopen Direct Air Travel After Nearly Five Years

After almost five years of suspended direct flights, India and China have agreed to resume air travel between the two nations, signaling a shift in their relations following a deadly military clash in 2020 over their disputed Himalayan border.

The agreement, confirmed by India’s foreign ministry, comes after a meeting between Indian Foreign Secretary Vikram Misri and Chinese Foreign Minister Wang Yi. The two countries will soon hold further discussions to establish a framework for the resumption of flights.

The suspension of direct air travel since the 2020 border conflict had led to tensions, with India tightening restrictions on Chinese companies, banning several popular Chinese apps, and reducing passenger flight routes. Despite the travel restrictions, direct cargo flights between India and China had continued.

However, in recent months, relations between the two nations have begun to thaw. Notable meetings, including one between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in Russia this past October, have helped improve diplomatic ties.

During his meeting with Misri on Monday, Wang Yi emphasized the need for both countries to work collaboratively, move towards resolving economic and trade issues, and foster long-term political stability and transparency.

“Mutual support and achievements should guide our relationship, rather than doubt and alienation,” Wang stated, reflecting the positive tone of their discussions. This meeting follows a historic agreement in October aimed at easing tensions along their shared border.

While Indian civil aviation authorities had resisted restoring air links in the past due to ongoing border disputes, there have been signs of a shift. Sources told Reuters that India may now be open to reconsidering the opening of airspace and streamlining visa approvals for Chinese nationals.

This recent diplomatic development marks a key step in the two nations’ efforts to move beyond their historical tensions and strengthen bilateral relations.

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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