Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting July 7:

Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a year earlier, while rents continued to increase across the island, Eurostat data showed.

Across the European Union, property prices rose 5.7 per cent year-on-year and 1.4 per cent from the previous quarter.

Rents increased 3.2 per cent annually and 0.9 per cent on a quarterly basis, adding to household pressures in many member states.