What we think about the market.

Market analysis, data and deal practice. The same material goes out on Telegram — here it is easier to read and search.

2026
Deal practiceJuly 28, 2026

10 clauses of the SPA we amend before signing

The SPA is usually drafted in the developer’s favour. Ten clauses — from delay penalty to bank guarantee — that we amend before signing.

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AnalysisJuly 14, 2026

Short-term or long-term rental in Paphos: calculating the net yield

A gross 8-9% from short-term rental converges with the “boring” 5% of long-term letting once management, vacancy and VAT are deducted. Two rental modes in Paphos on fresh data.

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Market dataJuly 11, 2026

Cyprus new-build market: DLS data for June 2026

1,964 contracts across Cyprus in June, +27% year on year — the strongest June since 2000. Limassol drives volume, Paphos posts the fastest growth of all districts.

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AnalysisJuly 2, 2026

Paphos commercial property: offices vs high-street retail — where the yield is honest

Paphos commercial property promises 6-8% against 5-6% for residential. Why that premium is payment for vacancy and illiquidity, and where the yield is more honest.

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AnalysisJune 23, 2026

30 years of the Cyprus market, part 2: where we are in the cycle and what comes next

The 2026 market is a high plateau with no speculative leverage. Three scenarios for 2027–2030 and the main risk, which lies in supply rather than in price.

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Market dataJune 17, 2026

30 years of the Cyprus market: four waves that explain today's prices

Indices, contracts and rates from 1996 to 2026: EU accession, the 2013 banking collapse, golden passports, COVID. Why Paphos fell more softly and recovered more strongly.

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Selection · Due DiligenceJune 10, 2026

How we reject 9 out of 10 properties (and why you never hear about it)

Behind a shortlist of 3 properties there are around 30 rejected ones. We show the real reasons for rejection over the past month: title deeds, geology, yield, developers with no track record.

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MortgageMay 20, 2026

Mortgages in Cyprus in 2026: debt trap, sober calculation and the latest VAT news

The fixed rate has fallen to 2.85-3.25%, and the monthly mortgage payment is now cheaper than rent. We break down the maths, bank requirements for borrowers and three hidden traps.

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AnalysisMay 12, 2026

Geroskipou, the "Eastern Gate" of Paphos. Why growth will be fastest here?

Why Geroskipou is becoming the main growth point of Paphos: the Lumio school, the arrival of major developers and logistics. The price per sqm here is still 15-20% below popular districts.

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AnalysisMay 12, 2026

Season 2: the insights that are changing the market

Season one was about not losing money; season two is about how and where to make it. Coming up: Geroskipou, the new mall, commercial property, Paphos vs Limassol and renovation.

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AnalysisMay 5, 2026

The great transformation of Paphos. Results of the 2021–2026 cycle and the strategy for 2027–2030

The anatomy of the 2021–2025 boom, the rise of Geroskipou and inside information on the new mall, plus a 2027–2030 forecast: infrastructure arbitrage, build-to-rent and the green mandate.

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Deal practiceApril 30, 2026

Taxes on exit. How to avoid overpaying the state when you sell your property

Capital Gains Tax in Cyprus is 20% of net profit. We break down improvement receipts, the indexation allowance and the €30,000 and €150,000 exemptions that legally reduce the base.

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AnalysisApril 21, 2026

Exit strategy. Who will you sell your property to in 7 years, and how?

A portrait of the Paphos resale buyer in 2033 and three liquidity criteria: energy class, infrastructure leverage and a clean legal history.

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AnalysisApril 17, 2026

The death of the "3-bed in a field". Why the classic Paphos villa format no longer works

The standalone villa "in the middle of a field" is losing liquidity: isolation, a maintenance nightmare and poor energy class. Managed gated communities have taken its place.

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AnalysisApril 7, 2026

Paphos infrastructure breakthrough. The Polis highway and the marina: figures, timelines and opportunities

Phase 1 of the Paphos–Polis highway is 65% complete with a 2028 finish; the Kissonerga marina concession is signed in late 2026. Four strategies for investors.

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Selection · Due DiligenceMarch 31, 2026

Legal hygiene. Why a title deed in 2026 is still not the finish line

Notes on the back of the title deed, the Certificate of Final Approval and developer memos: what actually makes a Cyprus property legally clean and liquid.

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AnalysisMarch 24, 2026

The hidden tax on comfort. Why property management in Paphos can eat your ROI

Communal fees in Paphos run from €80 to €250+ a month and cut your real yield by 1.5–2% a year. How to read a complex's budget before you buy.

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Selection · Due DiligenceMarch 17, 2026

White Zones in Cyprus. The emergency brake on your investment

A development moratorium wipes out a plot's liquidity and cuts its price by 70-90%. The Pissouri case and a checklist for verifying land status before a deal.

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Selection · Due DiligenceMarch 17, 2026

Paphos ground conditions. Why your house may set off on a journey without your consent

Expanding bentonite clays in Tala, Kamares, Tremithousa and Mesa Chorio. What to look for in a geotechnical report so you do not buy a house that cracks.

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AnalysisMarch 13, 2026

The 2026 tax reform. A clear guide for those investing in Cyprus

15% corporate tax, electronic-only rent payments, a €150,000 capital gains exemption and VAT: what changed from January 2026 and how it hits your cash flow.

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DevelopersMarch 10, 2026

A ‘brand’ on the title deed. Why the developer’s name in Paphos is worth +15% to your profit

Two visually identical complexes in the same district sell for €250k and €210k. What you actually pay for with a developer’s name, and why it pays off on exit.

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AnalysisMarch 3, 2026

The geography of scarcity. Why Peyia and Chlorakas are close to their limit

Zoning coefficients, Nature 2000 status and coastal protection are closing Peyia and Chlorakas to new projects. What that means for the price of existing units.

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Selection · Due DiligenceFebruary 24, 2026

Resale vs new-build in Paphos. Where is the energy rating trap hidden?

Since 2021 every new building in Cyprus must be Class A (NZEB). Why old resale stock in Paphos risks becoming illiquid and losing 20–30% of its price.

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AnalysisFebruary 17, 2026

Educational arbitrage. How students are changing the game in Paphos

AUB and TEPAK have entered Paphos. Here is how the education cluster is reshaping unit typology, tenant quality and land prices around the campuses.

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AnalysisFebruary 10, 2026

Why growth in supply sometimes reduces risk instead of increasing it

“Too much is being built” is not a verdict. A market with choice and comparable prices is often more resilient than a scarce one, where liquidity rests on sentiment alone.

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Selection · Due DiligenceFebruary 3, 2026

Who will buy your property if the market gets difficult

The question of your future buyer matters more than the entry price: in a difficult phase the market buys not the “best” but the least risky and easily comparable.

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AnalysisJanuary 29, 2026

Where investors overpay for psychological comfort

Completed properties, “proven” locations and easy-to-explain options feel safe, but the premium paid for peace of mind compresses IRR and limits exit scenarios.

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Selection · Due DiligenceJanuary 27, 2026

Why the safest investments in Paphos look boring

Investors pay a premium for emotion: the view, uniqueness, the wow effect. Yet liquidity comes from boring assets — clear format, broad demand, a constant buyer.

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AnalysisJanuary 22, 2026

Which metrics actually matter to an investor (and which create an illusion of understanding the market)

Total transaction counts, average prices and listing prices mislead. Real understanding comes from demand structure, SPAs, absorption rate and exit logic.

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AnalysisJanuary 20, 2026

Why the total transaction count is a poor guide for an investor

A €180,000 deal and a €1.8m deal count the same in the statistics, yet they are different markets. Market activity and exit liquidity are not the same thing.

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AnalysisJanuary 15, 2026

Why I usually analyse the Cyprus property market only through foreign buyers

Cyprus is really two markets. Of 18,114 transactions in 2025, 7,255 came from foreign buyers — and they, not local resale turnover, set new-build prices.

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2025
AnalysisDecember 9, 2025

ROI vs IRR: how funds measure property returns and why both metrics matter

ROI captures rent alone, IRR the whole investment. A Paphos case shows 5.1% versus 10–11%, and the payment plan can move IRR by another 1.5–2 times.

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AnalysisNovember 15, 2025

Absorption rate: the most underrated indicator of the Cyprus market — and beyond

How fast a market absorbs new supply explains prices better than averages: 18–23% in Limassol, 12–15% in Paphos, and a fragmented Larnaca.

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AnalysisNovember 1, 2025

Where is the entry point in 2025–2026? A practical strategy for investors

Three entry scenarios for Cyprus property — conservative, moderately aggressive and aggressive: entry criteria, yields, risks and a five-point pre-purchase checklist.

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Market dataOctober 27, 2025

How demand is reacting: who is buying in Cyprus now and why

Foreign-buyer registrations rose 11% over the first eight months of 2025. A breakdown of the buyer mix: CIS 35%, EU and UK 30%, Middle East 25%.

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DevelopersOctober 19, 2025

How developers build their price: from land to keys

Land is 20–30% of cost, construction 35–40%, the developer’s margin 20–25%. A breakdown of the price structure and why a thin margin is riskier than a high price.

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MortgageOctober 10, 2025

How banks see property: the lender’s view

The average LTV on new mortgages is around 67%, lending volumes are up 9.2%, and some clients secure rates of 2.8–2.95%. What that says about the market.

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AnalysisOctober 7, 2025

How building material and land prices predict property growth in Cyprus

The building materials index is up 3.1% year on year and Limassol land up 8.6%. These leading indicators show where housing prices land in 6–12 months.

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AnalysisAugust 27, 2025

Secondary cities and build-to-rent: choosing the right micro-location

Why secondary cities yield 1%–3% more than capitals, what build-to-rent gives a hands-off investor, and how Paphos, Limassol and Nicosia compare.

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