In an interview with InBusinessNews, as part of “IN Business Forecasting 2026,” they stress that international trends clearly point to a direction that can work in Cyprus’s favor. Among these trends are the increased emphasis on sustainability and technology, which open pathways for modern, more efficient developments that can enhance the country’s competitiveness. “All these trends, when combined, create a positive environment for growth and investment,” Pantelis M. Leptos and Giorgos M. Leptos note characteristically.

Moreover, in order to ensure sustainable development in the real estate sector, they consider it essential to focus on high-priority strategic areas. Among other measures, they propose simplifying licensing procedures, providing state incentives to support sustainable projects, and implementing targeted policies to address the issue of affordable housing.

A Group Ready to Seize New Opportunities

The Leptos Group, equipped with significant land reserves in strategic locations, remains optimistic and ready to capitalize on new opportunities, investing in projects that enhance the image, capabilities, and infrastructure of Cyprus.

How do you assess the year that has passed for your sector and for the Cypriot economy in general?

In 2025, the Leptos Group succeeded in maintaining its leading position in its field. This leadership is based on the momentum of pioneering, high-quality projects, an international and outward-looking strategy, and a strong, highly experienced team. With a history spanning more than 65 years, the Group—through its companies—has established itself at the forefront of land and real estate development (Leptos Estates), tourism (Leptos Calypso Hotels), education (Neapolis University Pafos), and healthcare (Iasis Private Hospital) in Cyprus and Greece.

The Group’s leadership position rests on solid foundations: the vision of its founder; the dedication and professionalism of its people, numbering more than 1,500, making the Group one of the largest employers on the island; its international sales network; the wide range of quality products it offers; large land reserves within development zones; extensive experience gained from multiple projects across various sectors; and the comprehensive provision of support services. Above all, however, the Leptos Group’s greatest strength lies in its holistic understanding of the broader business environment in which it operates, its constant search for new prospects, and its continuous redefinition of the concept of “land development” with respect for the environment.

In recent years, Cyprus has managed to develop steadily as a destination that combines safety, creative entrepreneurial activity, and high-quality tourism. The country is attracting increasing investment interest, while its infrastructure and services continue to improve. Growth is also evident in tourism, where visitor experience is being upgraded due to better amenities and more effective organization. Within this constantly evolving landscape, the Leptos Group, supported by its substantial land reserves in strategic locations, remains optimistic and ready to seize new opportunities, investing in projects that enhance the image, potential, and infrastructure of our island.

Key Business Highlights of the Leptos Group in 2025

The major project Limassol Blu Marine, currently under construction, progressed with the sale of the “Oceanus” Office Tower.

A landmark collaboration was achieved with the world-renowned fashion house Roberto Cavalli for the second and final residential tower of the project, now renamed Cavalli Tower at Limassol Blu Marine.

Neapolis Smart Eco City gained new momentum with the completion of the linear park and the construction of Egnatia Road—two major infrastructure projects supporting the development—as well as the upcoming construction of the Medical School and student residences of Neapolis University.

The Costa Nopia project in Chania received approval under the ESCHASE framework, becoming the second-largest development project in Greece after Hellinikon.

In healthcare, the Group’s private hospital Iasis expanded with a modern laboratory and new office spaces.

In education, Neapolis University introduced new academic programs, including collaboration with the University of Reading for Law degrees, and increased research activity. A strategic partnership was also implemented with the Medical School of Democritus University of Thrace for a joint English-taught undergraduate medical degree, laying new foundations for the academic and scientific development of Pafos.

In tourism, the first phase of the renovation of the iconic Coral Beach Hotel & Resort was completed, while the new Elia Hotel in Chania is currently under construction.

What do you consider to be the biggest challenges you will face in 2026?

In 2026, the real estate sector will need to move forward cautiously, addressing challenges that can be transformed into opportunities. Fluctuations in material prices and the limited availability of labor are pushing us to organize more effectively and invest in more efficient processes. The global shift toward sustainability, rather than acting as an obstacle, opens the way for new projects with high energy efficiency and more modern standards. At the same time, increasing international competition keeps us alert and encourages us to innovate both in what we offer and in how we serve our clients. With proper planning, these challenges can become a catalyst for progress.

Targeted Policies for Affordable Housing

What strategies or reforms do you consider necessary for the development of your sector?

To ensure sustainable development in the real estate sector, we believe it is essential to focus on high-priority strategic areas. First, licensing procedures must be simplified to reduce bureaucratic delays that hinder development. It is important for the state to provide incentives to support sustainable projects and strengthen green development practices. In addition, addressing the issue of affordable housing through targeted policies will help facilitate home ownership. The development of infrastructure and transport networks also plays a decisive role in increasing the attractiveness of new projects and improving their accessibility.

A Positive Outlook for Growth and Investment

How do you foresee international trends evolving, and what opportunities could arise for Cyprus?

International trends clearly indicate a trajectory that can work in Cyprus’s favor. Greater emphasis on sustainability and technology opens the way for modern, more efficient developments that can enhance the country’s competitiveness. Remote work and the rise of digital nomads are creating a steady flow of people seeking a safe, well-organized, and high-quality environment in which to live and work—something Cyprus already offers. At the same time, growing demand for health and wellness tourism gives Cyprus the opportunity to leverage its existing infrastructure and develop new high-level services. All these trends, when combined, create a positive environment for growth and investment.

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