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Limassol Leads The Charge In Cyprus’ Booming Real Estate Market

by THEFUTURE.TEAM

December 11, 2024

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.

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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.

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Trump-Musk Ties Draw New Scrutiny Over Reported SpaceX Investment

by THEFUTURE.TEAM

August 25, 2026

President Donald Trump’s reported investment in SpaceX has drawn attention to the financial ties between the president and Elon Musk, whose company has expanded its business with the U.S. government. The purchase comes after the two men publicly split last summer before later restoring their relationship.

White House Explains The Trade

White House spokesman Davis Ingle told Reuters that Trump’s stock portfolio is managed by third-party financial institutions. He said the portfolio is designed to track “recognized indexes, such as the Schwab 1000,” suggesting Trump may not have personally selected the SpaceX investment.

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SpaceX has expanded its government business under the Trump administration. A recent Wall Street Journal analysis found that the company has secured a growing share of federal contracts while also benefiting from the administration’s approach to deregulation.

SpaceX Seeks Wider Index Exposure

SpaceX has reportedly lobbied major index providers to change their eligibility rules so the company could qualify for inclusion ahead of its planned IPO. Inclusion in major benchmarks can increase demand from passive funds and other portfolios that track those indexes.

Once a company enters a widely followed index, investors can gain exposure through funds without buying its shares directly. That can broaden the shareholder base and increase demand for the stock.

Trump And Musk Rebuild Their Relationship

Trump and Musk maintained a close political and business relationship before a public dispute last summer. Musk accused Trump of withholding Justice Department files related to Jeffrey Epstein because the president’s name appeared in them, an allegation Trump denied.

The disagreement later subsided, and the two have since remained aligned on several political and business issues. SpaceX’s growing role in federal contracts has kept the company closely connected to Washington.

Trump’s reported SpaceX investment therefore comes as the company prepares for a potential public listing and expands its relationship with the U.S. government.