Lanitis Golf Posts €1.72 Million Profit Amid Strategic Development Advances

by THEFUTURE.TEAM

April 28, 2026

Lanitis Golf Public Co Limited has delivered a strong financial performance, reporting a profit of €1.72 million for the year ended December 31, 2025. The financial milestone comes as the company makes significant headway in its integrated luxury golf and residential development project in Limassol.

Robust Financial Performance And Strategic Approval

The board of directors approved the annual financial statements, with the full report available for review at the company’s offices at Lanitis Farm in Fasouri and on the Cyprus Stock Exchange website. An annual general meeting is scheduled for June 4, 2026, at 9:00 a.m. at the company’s head office in Fasouri, Limassol.

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Milestones In Integrated Development

Development activity includes a golf course and residential units. Key approvals include a town planning permit granted in November 2012 and a building permit issued in July 2019. Construction began in 2021. Agreements signed between 2022 and 2024 expanded the project to include villas, townhouses, apartment buildings, a clubhouse, and internal road infrastructure. Transfer of several plots to buyers in 2024 enabled revenue recognition.

Significant Construction Progress And Market Positioning

Construction progressed in 2025 with the completion of the golf course, clubhouse, and internal road network. Additional plot transfers and property sales contributed to revenue. The project covers approximately 1,400 decares near Tserkezoi and Asomatos, close to My Mall Limassol, Fasouri Watermania Waterpark, and the city’s casino resort.

Financial Health And Risk Management

Total development expenditure stood at €26.79 million at the end of 2025, compared with €40.20 million in 2024. Total assets increased to €177.81 million from €166.30 million, while net assets rose to €68.27 million from €64.39 million. Management monitors credit, liquidity, and interest rate risks, including exposure to variable-rate borrowings.

Outlook And Future Sales Efforts

Looking forward, Lanitis Golf is focused on accelerating sales of plots, apartments, villas, and townhouses into early 2026. The company remains committed to steady construction progress while retaining its profits for reinvestment, with no dividend payout declared. As the project evolves into a fully integrated golf and real estate development, investor confidence continues to grow, further supporting rising real estate values in the region.

The Future Forbes Realty Global Properties

Athens And Nicosia Still Offer Some Of Europe’s Most Affordable Apartments, Despite Rising Prices

by THEFUTURE.TEAM

July 13, 2026

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.

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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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