67 h. ago Cyprus housing market surges in early 2025, driven by demand for new builds

Cyprus’ housing market recorded a strong start to 2025, with residential property sales rising sharply in both volume and value during the first quarter, according to a report released on Thursday by Landbank Analytics. The analysis, based on contracts of sale submitted to the Department of Lands and Surveys, showed a notable increase in demand […]

Politics

8 d. ago UK’s car output drops in April, sees worst start to year since 2009

Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed this week. The drop comes as European carmakers strive to cut costs amid stiff competition, US tariffs on auto imports, and a slowing global economy, with […]

Politics

9 d. ago Cyprus Business Now: properties, investors, financial literacy, unemployment

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

9 d. ago Cyprus sees €43.8 million in April property sales, led by €3.3 million Engomi plot

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

1 week ago Businessman testifies against Aykut in property usurpation case

Greek Cypriot businessman Savvas Kakos testified as a prosecution witness in the ongoing trial of Turkish-Israeli property developer Simon Mistriel Aykut at the Nicosia Criminal Court on Wednesday. Aykut, who claims nationality in Turkey, Israel, and the ‘TRNC’, is being tried for the alleged usurpation and sale of €43 million worth of Greek Cypriot property […]

Politics

1 week ago Cyprus economic sentiment dips in May as services outlook worsens

A renewed deterioration in the business climate within the services sector contributed to a further decline in economic sentiment in Cyprus in May, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 1.5 points compared to April. According to the Economics Research Center of the University of Cyprus (CypERC), the decline was largely driven by falling […]

Economics

2 w. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

2 w. ago Cyprus sees 25.5% jump in tourist arrivals in April, U.K. tops list

Cyprus sees 25.5% jump in tourist arrivals in April, U.K. tops list  Kathimerini.com.cy

Politics

2 w. ago Religious holiday overlap boosts Cyprus airport traffic in April

Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service on Monday. The rise in travel activity was attributed to the rare overlap of Orthodox Easter, Catholic Easter and Jewish passover, which […]

Politics

3 w. ago Cyprus targets Turkish nationals over property sales in occupied North

Cyprus targets Turkish nationals over property sales in occupied North  Kathimerini.com.cy

Events

3 w. ago Cyprus Airports Welcome 1,2 million passengers in April – A Strong Start to the summer season.

Cyprus Airports Welcome 1,2 million passengers in April – A Strong Start to the summer season.  Routes

Politics

4 w. ago Cyprus court jails Hungarians brokering property sales in Turkish

Cyprus court jails Hungarians brokering property sales in Turkish-held north  The Straits Times

Events

4 w. ago Electric and hybrid cars gain ground as overall vehicle registrations drop

Electric and hybrid cars are making up an increasing share of new vehicle registrations in Cyprus, even as total registrations continue to decline. Between January and April 2025, electric vehicles accounted for 4.8 per cent of passenger saloon car registrations, up from 3.6 per cent during the same period in 2024. Hybrid cars also saw […]

Politics

4 w. ago OPEC April oil output edges lower despite plans for hike, survey finds

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to curb the flows and smaller drops in Iraq and Libya. The Organization of the Petroleum Exporting Countries pumped 26.60 million barrels per day last month, […]

Politics