According to data from the Cypriot Ministry of Internal Affairs presented to parliament, as well as reports from Cypriot media, foreign buyers purchased more than 37,000 properties on the island between 2021 and 2024.
Top 10 buyer countries (2021–2024)
The statistics show some regional characteristics, for example, in Paphos, the British traditionally lead (~4,500 properties), in Limassol, the Russians lead (~2,500), followed by the British and Israelis. In Larnaca, the British, Lebanese, and Israelis are active, while in Nicosia, a significant portion of transactions are carried out by Greeks and British.
Since 2021, foreigners have purchased more than 37,000 properties, while Cypriot citizens have purchased more than 200,000. Transactions involving foreigners are concentrated in Limassol and Paphos (about 60% of all transactions).
The main trends in the Cyprus residential real estate market are:
Experts predict further growth in interest from citizens of Israel, Lebanon, and Ukraine, as well as a possible revival of Chinese investors as currency restrictions ease.
Two Sandown-class mine countermeasures vessels Ramsey and Blyth, belonging to the Royal Navy of Great Britain, have officially completed their service in the British Navy and will soon be transferred to Ukraine, the Royal British Navy press service said on Wednesday.
“Both Sandown-class mine countermeasures vessels have served extensively during careers spanning 21 years and 175,000 miles for Ramsey, 185,000 miles over 20 years for Blyth, supporting operations in the Middle East, around the UK or on NATO duties in northern European and Mediterranean water,” the Royal British Navy said.
It notes that the vessels are being replaced by expanding Project Wilton drive to introduce autonomous or uncrewed boats and systems. Into minehunting.
“Blyth and Ramsey will enjoy a fresh lease of life in the Black Sea. Once further work is completed on the two vessels, they will be transferred to the Ukrainian Navy,” the British Navy said.
Cadogan Petroleum, the British oil and gas company with assets in Ukraine, has commenced drilling the shallow Vovche-2 well on the Bitlianska license (Lviv region), the company has reported on the website of the London Stock Exchange (LSE).
Cadogan said that the well is anticipated to take 20 days to drill and will then be put on production if successful. The well is designed to test the potential of satellite prospects around an established, old oil field.
A heavier rig is being selected to drill the Blazh-10 well on the Monastyretska license (Lviv region) as planned at a depth of about 3,500 meters. The well is expected to spud in November and is anticipated to take three months to drill, the company said.
The Vovche-2 well and the Blazh-10 well fulfil the company’s remaining commitments on the Bitlianska and Monastyretska exploration licenses, a prerequisite to convert them into production licenses.
