University Of Nicosia Opens €65 Million Campus In Athens

A major international investment is reshaping Cypriot higher education with the launch of the UNIC Athens campus, financed by Eurobank. The facility, costing more than €65 million, marks a strategic expansion of the University of Nicosia’s influence in Greece.

Strategic Inauguration

The campus was officially inaugurated on April 30 in Athens’ Elliniko area, drawing high-profile figures from both the political and academic arenas. Greek Prime Minister Kyriakos Mitsotakis and President Nikos Christodoulides were among those in attendance, alongside key government representatives and members of the business community. Eurobank, represented by Deputy CEO Konstantinos Vassiliou, underscored its commitment to fostering academic excellence and international outreach.

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Investing In Higher Education Excellence

UNIC Athens will operate as the University of Nicosia’s academic and research hub in Greece, expanding the Cypriot institution’s presence within the Greek higher education sector. The project is being developed in partnership with Hellenic Healthcare Group and forms part of broader efforts to strengthen regional academic collaboration and international outreach.

Robust Financial Architecture

Financing for the development includes Eurobank lending, participation in Greece’s Recovery and Resilience Facility programme and equity investment from Fastforward A.E. Approximately €20.27 million of the total investment has been allocated to modernisation and technical upgrades, while €18.73 million is designated for eligible building improvements.

Commitment To Sustainability And Green Transition

Sustainability initiatives linked to Greece’s “Green Transition” framework form a central part of the project’s development strategy. The campus has been designed with energy-efficient systems and environmental performance targets aligned with LEED Gold certification standards under the broader “Greece 2.0” recovery plan.

Shaping The Future Of Regional Education

Michalis Louis, Chief Executive Officer of Eurobank Limited, stated, “The co-financing of UNIC Athens is both a major project for Eurobank and a pivotal development for Cypriot education. We are proud to support a state-of-the-art academic facility that promises to enhance quality academic life for students while delivering exceptional operational and environmental performance.” Louis further emphasized the bank’s commitment to projects that drive progress, expand international engagement, and lay the foundation for sustainable long-term growth.

The Future Forbes Realty Global Properties

Athens And Nicosia Still Offer Some Of Europe’s Most Affordable Apartments, Despite Rising Prices

by THEFUTURE.TEAM

July 13, 2026

Housing costs in Nicosia remain well below those in most western European capitals, according to new data from Global Property Guide, highlighting the wide gap in residential property prices across Europe.

Nicosia And Athens Remain Among Europe’s More Affordable Capitals

The latest figures from Global Property Guide, which tracks residential property markets across 88 countries, show that both Nicosia and Athens remain among Europe’s more affordable capital cities, despite years of steady price growth.

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In Cyprus, the median asking price for a one-bedroom apartment in Nicosia stands at €145,000. Two-bedroom apartments are priced at €205,000, while three-bedroom homes reach €280,000.

That places Nicosia slightly above Athens in the one-bedroom category, where the Greek capital records a median asking price of €135,000. For two-bedroom and three-bedroom apartments, however, prices are identical in both cities at €205,000 and €280,000, respectively.

Western Europe Commands A Premium

Athens also remains relatively affordable by European standards. Median asking prices for one-bedroom apartments reach €174,000 in Warsaw, €240,000 in Madrid, €310,000 in Milan and €325,000 in Berlin.

The gap is even more pronounced in Western Europe, where one-bedroom apartments cost around €440,000 in both Paris and Lisbon, more than three times the price seen in Athens.

The difference becomes even greater for larger homes. A three-bedroom apartment carries a median asking price of €280,000 in both Athens and Nicosia, compared with €685,000 in Lisbon, €690,000 in Milan, €845,000 in Berlin and €1.08 million in Paris.

For two-bedroom apartments, the contrast is equally striking. While homes are priced at €205,000 in Athens and Nicosia, equivalent properties cost €380,000 in Madrid, €455,000 in Milan, €527,000 in Berlin, €620,000 in Lisbon and €695,000 in Paris.

Europe’s Most Expensive Property Markets

Global Property Guide’s data also highlights the wide variation in residential property prices across Europe.

Zurich is the continent’s most expensive market for a one-bedroom apartment, with a median asking price of €1.151 million. It is followed by Luxembourg (€669,000), Copenhagen (€601,000), Munich (€548,000) and London (€522,000), while Paris and Lisbon are both priced at around €440,000.

The Most Affordable Cities

At the other end of the market, the lowest asking prices are concentrated in south-eastern and eastern Europe. Median asking prices for a one-bedroom apartment stand at €125,000 in Riga, €118,000 in Podgorica, €110,000 in Bucharest, €103,000 in Sarajevo and €79,000 in Chisinau.

According to the report, Skopje is Europe’s most affordable capital for one-bedroom apartments, with a median asking price of just €55,000.

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