According to data released by Eurostat, the statistical service of the European Union, 59 per cent of Cypriots aged 25-34 have a tertiary education, which is well above the EU average of 42 per cent.

Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an analysis of all apartment and house sales in the district during that period of time.

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament passed a law allowing for a reduced VAT rate of 5 per cent levied on first homes.