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Japan And India Startups Collaborate To Tackle Space Debris With Laser-Equipped Satellites

In an ambitious step to address the growing issue of orbital congestion, Japanese startup Orbital Lasers and Indian robotics firm InspeCity announced in December 2024, their plans to study the use of laser-equipped satellites for debris removal. 

Orbital debris, often referred to as space junk, includes all non-functional, human-made objects in Earth’s orbit, such as defunct satellites, rocket fragments, and collision debris. Traveling at speeds of up to 18,000 mph, this debris poses significant risks to operational satellites and spacecraft, including the International Space Station.

The partnership aims to develop an innovative system that uses laser energy to stop the rotation of space junk by vaporizing small surface areas, simplifying the process for servicing spacecraft to capture and de-orbit defunct satellites. Orbital Lasers, a spin-off from Japan’s satellite operator SKY Perfect JSAT, plans to demonstrate the laser system in space by 2027. Meanwhile, InspeCity, founded in 2022, is exploring opportunities to integrate the technology into its satellite platforms, pending regulatory approvals in both countries.

The agreement comes as global organizations raise alarms about the dangers of unchecked orbital debris. A United Nations panel on space traffic coordination recently underscored the need for urgent measures to manage low Earth orbit congestion, citing risks from the increasing volume of satellites and space junk.

This partnership reflects broader trends in Japan-India space collaboration, including their joint Lunar Polar Exploration (LUPEX) mission set for 2026 and partnerships between Indian firms like Skyroot and HEX20 with Japanese lunar exploration company Ispace. According to Masayasu Ishida, CEO of Tokyo-based nonprofit SPACETIDE, such alliances are aligned with India’s “Make in India” initiative, promoting local production while leveraging Japan’s technological expertise.

As the space industry grows more crowded, the success of projects like this could play a pivotal role in ensuring the sustainability of near-Earth orbit for future generations.

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.

Aretilaw firm
eCredo
The Future Forbes Realty Global Properties
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