Nicosia, Cyprus. Cyprus’ economic climate improved marginally in June 2026, with the Economic Sentiment Indicator rising by 0.2 points from May, according to the latest monthly business and consumer survey by the Economics Research Centre of the University of Cyprus. The increase was supported by stronger sentiment in retail trade and construction and by a further improvement in consumer confidence.
Economic sentiment in June
The survey showed that businesses in retail trade and construction assessed their current situation more positively than in the previous month and expressed greater optimism about activity over the next three months.
Sentiment in the services sector weakened, reflecting less favourable assessments of recent economic performance and lower expectations regarding turnover in the months ahead. In manufacturing, the business climate remained broadly unchanged compared with May.
Property market trends
The report said Europe’s property markets are entering the second half of 2026 with a clearer message for investors, as comparisons based only on cheap versus expensive assets are no longer sufficient.
In Cyprus, property sales rose 11.9 per cent in the first five months of 2026, with 8,043 sales documents filed between January and May, compared with 7,185 in the same period of 2025. Limassol remained the largest district by volume, with 2,537 sales contracts, up 11.2 per cent year on year.
In Greece, bank figures published on June 9 showed apartment prices continued to rise at a slower pace. Prices increased 5.7 per cent year on year in the first quarter of 2026, with Athens up 5.2 per cent, Thessaloniki up 6.4 per cent, other cities up 5.4 per cent and other areas of Greece up 6.9 per cent.
European investment activity
CBRE said European real estate investment reached €52.6 billion in the first quarter of 2026, up 3 per cent year on year, while volumes on a trailing 12-month basis were 13 per cent higher.
CySEC action
The Cyprus Securities and Exchange Commission announced on Tuesday that it had suspended the licence of Cyprus Investment Firm Mind Money Limited over suspected breaches of regulatory requirements and concerns regarding client protection and market integrity.
