Market Dynamics: Limassol Remains Cyprus’ Prized Real Estate Nexus

by THEFUTURE.TEAM

October 8, 2025

Robust Property Trends Across Cyprus

Paphos has emerged as one of Cyprus’ most dynamic property markets in the first half of 2025, according to the latest report by Landbank Analytics. The report reveals significant activity, with the district recording 203 apartment transactions – over twice the number of house sales. While Paphos apartments boast the lowest average resale price in Cyprus at €129,774, the district’s resale houses command an average of €386,828 over 90 transactions, making them the second-most expensive after Limassol.

Island-Wide Residential Sales Insights

Across Cyprus, residential resale remains the cornerstone of the property market. Houses fetched a cumulative transaction value of €190.3 million from 552 sales, while apartments generated €185 million from 1,162 transactions. This pattern highlights a strong demand for both affordable and premium real estate options. The parallel trends observed in the new-build market further underscore the sustained investor and buyer interest.

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Distinct District Dynamics

Each district in Cyprus exhibits unique market characteristics. In Nicosia, apartments led the market with 458 sales at an average price of €143,118, contrasting with house sales averaging €283,641 from 163 transactions. Limassol stands as the apex, with the average resale house price reaching €527,252 from 122 transactions and apartments averaging €261,378 from 201 transactions, reinforcing its status as a lucrative investment hub. Larnaca and Famagusta present balanced activity, with Larnaca’s apartment and house averages at €142,161 and €249,382 respectively, and Famagusta recording modest figures with apartments at €115,664 and houses at €264,039.

Market Insights and Strategic Outlook

Andreas Christophorides, CEO of Landbank Group, emphasizes that the data mirrors a multi-speed landscape where each district’s distinct identity shapes the overall market dynamics. “What we’re observing is a multi-speed landscape, with each district showcasing its own distinct identity,” Christophorides stated. He further highlighted Limassol’s continuous ascendancy as a pivotal business and investment center.

Underlying Socioeconomic Trends

According to Christophorides, market analysis extends beyond mere statistics. It encapsulates the socioeconomic forces underlying the sector’s resilience and adaptability. This balanced blend of varied property types and price ranges underscores a mature market phase, offering enduring opportunities for both discerning buyers and strategic investors.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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