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Robust Growth In Cyprus Property Sales: Nicosia Achieves 15% Increase Amid August Dip

Market Overview

Cyprus’ property market maintained its upward trajectory in the first eight months of 2025, with sales documents rising 13% year-on-year despite a minor dip in August. A total of 11,689 sales documents were recorded compared to 10,345 during the same period last year, signaling a broadly stable yet strengthening market outlook.

District Performance

Limassol, long acknowledged as the leader in the Cypriot real estate landscape, continued to outperform. This district not only dominated overall sales with a 13% increase from 3,299 to 3,720 documents, but it also registered a remarkable 20% growth in August alone.

Nicosia also posted robust results with sales climbing 15% year-on-year from 2,295 to 2,640. However, the capital experienced a 7% decline in August following a substantial 36% surge the previous month. Similarly, Larnaca exhibited a solid performance with a 15% rise overall, despite a 9% decrease in August. Paphos, registering a 10% uplift over the period, and the Famagusta area, with a 10% increase driven by heightened demand for holiday homes, mirrored similar trends amid minor monthly setbacks.

Seasonal Trends And Strategic Outlook

Strong summer figures, with sales up 17% in June and 11% in July, underscore the market’s resilience. While August’s figures present only marginal declines, they have not derailed the overall positive momentum. These trends suggest that market consolidation is underway, supported by a robust demand across key districts.

Early figures from the first half of the year, which showed a 16% increase in sales documents and a total property transfer value nearing €2.3 billion, further highlight the sector’s durability. With Limassol and Nicosia leading in transaction values, investors and stakeholders remain confident in the sustained growth trajectory of the Cypriot real estate market.

Cypriot Startup LIVIA Wins Europe’s Top Youth Entrepreneurship Competition

A Cypriot university team has won the European GEN-E 2026 youth entrepreneurship competition with LIVIA, a smart agriculture platform that combines satellite data, autonomous drones and artificial intelligence to help farmers improve irrigation, detect disease earlier and reduce pesticide use.

Alongside first place, the team received the FedEx Access Award, expanding its access to investors, entrepreneurs and industry experts across Europe.

Initially developed for vineyards, LIVIA analyses individual plants and turns complex data into practical recommendations. The team is now preparing its first functional product and pilot projects in Cyprus, with plans to expand into additional crops and international markets.

From An Idea To Smart Agriculture

LIVIA began with a simple question: how could satellite data create practical value in everyday life? After exploring applications ranging from meteorology to marine biology, the team identified agriculture as the sector with the greatest potential.

Recognising the limitations of satellite imagery alone, particularly in resolution and update frequency, the founders integrated autonomous drones into the platform to provide more detailed field data.

Designed as a modular system, LIVIA can continuously incorporate new data sources and capabilities. Its initial focus is irrigation management, early disease detection and plant health monitoring, with vineyards serving as the first use case because of their importance to Cyprus and the team’s own experience.

Turning Data Into Decisions

Satellite imagery provides continuous monitoring of crops, while autonomous drones capture high-resolution images whenever greater precision is needed.

Artificial intelligence then combines those datasets with information collected by growers, including IoT sensors and field observations, to generate tailored recommendations for irrigation, disease prevention and resource management.

By analysing each plant individually, the platform enables precision agriculture rather than field-wide recommendations.

Building A Hardware And Software Startup

Developing LIVIA has required balancing advanced software with specialised hardware, including drones, multispectral cameras and charging stations, all while operating with limited resources.

Although the startup participates in the Bank of Cyprus IDEA programme and has secured non-equity funding, integrating multiple data sources into a reliable AI system remains its biggest technical challenge.

The Role Of Junior Achievement

Participation in the JA StartUp Programme helped transform the original concept into a business proposition through mentoring, coaching and pitch preparation.

Support continued after LIVIA won the national competition, with the Junior Achievement Cyprus team helping the founders prepare for the European final in Latvia.

European Recognition

Winning GEN-E 2026 and the FedEx Access Award marked the team’s biggest milestone to date and created new opportunities to connect with investors, entrepreneurs and industry experts across Europe.

The founders are now focused on completing their minimum viable product, launching pilot projects in Cyprus and expanding the platform to new crops and international markets.

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