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Limassol Leads The Charge In Cyprus’ Booming Real Estate Market

The Cypriot real estate market experienced significant growth in 2024, with Limassol firmly at the forefront. From suburban houses to city-centre apartments, shifting buyer preferences and rising investment interest are driving demand across the island.

Limassol: A Market Powerhouse

Limassol remains the undisputed leader, with property sales far exceeding those of other districts. From January to September 2024, the city recorded 237 house sales worth €165 million and 1,469 apartment sales valued at €820 million.

Limassol City attracted the most apartment sales (557 units, €471,000 average), followed by upscale Germasogeia (247 units, €706,000 average) and Agios Athanasios (133 units, €342,000 average). The housing market also saw strong demand in Ypsonas, Cherkezoi, and Agios Tychonas, reflecting Limassol’s appeal among local and international buyers seeking luxury and investment opportunities.

Nicosia, Larnaca, and Paphos Follow the Trend

Nicosia, the island’s capital, saw strong demand for apartments, with 1,194 units sold for a total of €236.9 million. Key areas like Strovolos, Lakatamia, and Nicosia City led apartment sales, driven by professionals and investors seeking high-yield properties.

Larnaca has become a rising star, attracting buyers seeking affordable homes and apartments. The district recorded 191 house sales worth €64.35 million and 1,113 apartment sales totalling €218.8 million. Sales were concentrated in Larnaca City, Livadia, and Aradippou, where buyers are drawn by the promise of coastal living and competitive pricing.

Paphos continues to attract foreign buyers and lifestyle investors. In 2024, it recorded 243 house sales worth €149.6 million and 416 apartment sales totalling €138.4 million. The district’s coastal charm, scenic views, and investment potential make it a prime choice for second-home buyers and holiday rental investors.

Shifting Buyer Preferences

The 2024 market trends reveal a shift towards suburban living, with areas like Ypsonas (Limassol), Lakatamia (Nicosia), and Aradippou (Larnaca) gaining traction. The pandemic has influenced demand for larger, more comfortable living spaces.

Apartments remain a strong choice for professionals, students, and investors, particularly in Limassol, Nicosia, and Larnaca, where rental yields and urban convenience appeal to younger demographics. Investors are also targeting city-centre apartments as Cyprus maintains its status as a key market for international buyers.

What’s Next?

With Limassol leading the charge, the Cypriot property market is set for continued growth. Demand for suburban homes will likely persist, while city-centre apartments remain a lucrative investment. Limassol’s luxury market will continue to draw affluent buyers, and regions like Nicosia, Larnaca, and Paphos are set to benefit from rising demand.

Buyers prioritise lifestyle, space, and investment returns as the market evolves. Cyprus’ appeal as a residential and investment destination remains strong, with Limassol at its heart.

Google Launches AI-Driven Scheduling Tool For Gmail And Calendar

Google has unveiled an innovative AI-powered scheduling feature designed for Gmail and Google Calendar users. Harnessing the advanced capabilities of its Gemini engine, the new ‘Help Me Schedule’ tool simplifies the process of arranging one-on-one meetings by automatically suggesting optimal times based on your calendar availability.

Streamlining The Scheduling Experience

Embedded directly beneath the email compose interface, the feature displays a range of available time slots sourced from your personal calendar. Users can customize these suggestions by modifying or removing specific time options before inserting them into their outgoing messages. Once a recipient selects a time, the system seamlessly updates both parties’ calendars, eliminating the need for manual coordination.

Contextual Intelligence For Maximum Efficiency

Distinguishing itself from other scheduling solutions like Calendly and Doodle, Google’s tool leverages contextual information from the email content. For instance, if a message specifies a 30-minute meeting, the AI will exclusively propose half-hour slots that align with your availability, ensuring meetings are scheduled precisely and efficiently.

Enhancing The Google Workspace Ecosystem

This launch is part of a broader series of updates aimed at further integrating AI into everyday business tools within Google Workspace. Recent enhancements include the introduction of the Nano Banana image editing model in Google Slides, the ability to share custom AI assistants known as Gems, new formats in NotebookLM, and improved AI video tools in Google Vids. Each of these updates underscores Google’s commitment to innovation and streamlined productivity in the digital workspace.

Additional Updates And Strategic Outlook

Alongside the new scheduling tool, Google has made significant improvements to its productivity features. Notably, Google Keep reminders will now be automatically saved to Google Tasks, ensuring even greater integration across the company’s productivity suite. As organizations increasingly rely on smart, integrated digital tools, these updates position Google at the forefront of workplace efficiency and technology innovation.

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