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Themis Portfolio Management Unveils High-Stakes Online Real Estate Auctions Across Cyprus

by THEFUTURE.TEAM

May 26, 2025

Introducing a Premier Auction Event

Themis Portfolio Management is set to redefine the investment landscape with an exclusive series of online auctions throughout June. Hosted on the renowned e-auctions platform, these digital events offer a carefully curated selection of agricultural, livestock, and residential plots spanning every district of Cyprus. Investors and developers now have access to a unique portfolio of properties, each presenting distinct opportunities for growth and diversification.

Auction Schedule by District

The auction events are segmented by district, ensuring local relevance and regional investment prospects:

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Nicosia: June 2–6
Limassol: June 10–13
Paphos: June 16–20
Larnaca: June 23–25
Famagusta: June 26–27

Diverse Investment Opportunities

The forthcoming auctions present a broad spectrum of properties, from agricultural expanses ideal for farming and livestock to strategically located residential plots. For instance, a modest 149 sq.m. plot in Kalo Chorio Oreinis (reserve price of €1,000) offers proximity to essential roadways and public utilities, making it an attractive option for future development. Similarly, multiple plots in Agios Therapon, Limassol, with varying reserve prices and sizes, allow investors to engage in both protection and residential planning zones.

Highlighted Parcels of Land

Among the many opportunities, a few notable listings include:

A substantial 11,037 sq.m. plot in Mathikoloni, Limassol, with a reserve price of €14,250, situated in a prime agricultural zone.
A 10,313 sq.m. parcel in Geri Municipality, priced at €22,750, positioned near key industrial and residential areas.
An impressive 19,064 sq.m. agricultural plot in Vouni, Limassol, available for €10,200, strategically located near community boundaries with significant frontage.
A well-situated residential plot in Klirou, Nicosia, at €23,100, offering immediate access to local amenities and schools.

How to Participate

Bidders interested in these premium real estate opportunities should register through the official e-auction system. Detailed guidelines are available to ensure a seamless digital bidding experience.

Conclusion

This series of online auctions serves as a strategic touchstone for investors looking to capitalize on Cyprus’s diverse real estate market. Whether targeting agricultural development, residential expansion, or long-term capital appreciation, the events orchestrated by Themis Portfolio Management offer a robust platform for making informed investment decisions.

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Cyprus Reduces Fuel Tax By 8.33 Cents As Prices Continue To Rise

The latest surge in fuel prices is putting unprecedented pressure on consumer purchasing power, forcing government intervention amid volatile global energy markets. Historic highs at the pump have compelled officials to enact further consumption tax cuts in a bid to stabilize household budgets while international trends remain unpredictable.

Government Intervention And Policy Measures

Authorities plan to approve an 8.33 cent per liter reduction in consumption tax on premium unleaded gasoline and diesel, effective from April 2026. This will be the third intervention since 2022, when fuel prices rose following the Russian invasion of Ukraine, and after a further adjustment in November 2023.

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Historical Context And Comparative Analysis

Fuel prices have increased over recent years. In March 2022, premium unleaded stood at €1.442 per liter and diesel at €1.500. By November 2023, prices rose to €1.550 for gasoline and €1.709 for diesel. As of March 2026, gasoline reached €1.571 per liter and diesel €1.819. Compared with 2023 levels, gasoline prices increased by 1.8 cents per liter, while diesel rose by 10.9 cents.

Global Market Dynamics Impacting Local Prices

International benchmarks continue to influence domestic fuel prices. Brent crude remains above $100 per barrel, while the price of heavy Brent oil has increased by about 58% since February 2026. Market indicators such as the Platts Basis Italy index show increases of 52% for gasoline, 89% for diesel, and 88% for heating oil. These trends affect import costs and pricing across the local market.

Consumer Concerns And The Search For Relief

The planned tax reduction may provide short-term relief for transport fuels. Heating oil prices remain higher, reaching about €1.30 per liter, approximately 6 cents above previous levels. No tax reduction has been announced for heating fuel. According to Konstantinos Karagiorgis, reliance on private vehicles increases the impact of fuel price changes on households, given limited public transport options.

Outlook And Future Considerations

The tax reduction is expected to offset part of the recent increase in fuel costs. Consumer groups, including the Cyprus Consumer Association, have called for similar measures on heating oil. Further developments will depend on global energy prices and geopolitical conditions.