Property holdings, luxury homes, farmland, overseas real estate, Porsche and BMW cars, works of art, company shares and bank deposits worth hundreds of thousands of euros feature in the asset declarations of 34 of Cyprus’ 56 MPs published so far.
The declarations, submitted under Cyprus’ Pothen Esches legislation, provide details of the property, investments, vehicles, bank balances and liabilities reported by lawmakers.
The disclosures show considerable differences in the types and extent of assets declared, ranging from extensive property portfolios and business interests to MPs reporting no immovable property.
Extensive property portfolios and inherited land
DISY MP Giorgos Pamboridis lists 26 entries under immovable property, 21 of which relate to plots of agricultural land.
His other holdings include a share in a six-storey building in Nicosia, a house in Paralimni, an apartment in Athens, holiday accommodation on Paros and a ground-floor house in Alambra.
Most of his interests in farmland were acquired through parental gifts and relate to areas in Alambra and Nicosia. Ownership shares vary between properties, including stakes of 1/50, 1/100 and 1/6.
Odysseas Michaelides declares 22 property entries, including 17 plots of land. His declaration also lists an apartment in Dasoupoli, two ground-floor houses in Lapithos, a garden and a right to running water.
A significant proportion of his property was inherited and is located in areas under Turkish control. Several plots in Agios Epiktitos and Klepini are declared with an ownership share of 1/192.
Marios Pelekanos also lists 22 property entries, 18 of which concern farmland, mainly in the Meniko area. His other holdings include a share in his family home in Strovolos.
Chrysis Pantelides declares 17 property entries, including 13 plots of land. His holdings include a two-storey house with a basement measuring 238 square metres in Lakatamia, a plot in Politiko and an apartment in Limassol.
Most of his declared farmland is located in Agios Ilias, in the Famagusta district, an area under Turkish control. Several properties are listed with ownership shares of 12.5%.
Homes, offices and overseas apartments
Other declarations contain fewer properties but a greater concentration of residential and commercial units.
Fotini Tsiridou declares 12 properties: three houses, four offices, four plots of land and an apartment in London. The London property is listed with a purchase price of €1,275,845 in 2026.
Her declaration also includes an inherited house in Limassol with a cadastral valuation of €1,459,800 for 2021, as well as a property in Germasogeia in which she holds a 50% share, with a stated acquisition cost of €680,800.
Chrysanthos Savvides declares 10 property entries, including two houses, an apartment in Athens, four plots of land and three building plots.
Panikos Leonidou lists eight entries, comprising five plots of land or vineyards, two houses and an apartment.
Prodromos Alambritis declares two houses, a building plot and a field in Aradippou. His ownership share in both houses is 50%.
Savia Orphanidou lists two houses and a field. One house in Strovolos is declared under full ownership, while she holds a 50% share in the second property in Kato Drys.
Valentinos Fakontis declares two apartments in Chloraka, two building plots and a field. The apartments and plots were inherited.
Inherited property in areas under Turkish control
Property in areas that remain under Turkish control features prominently in several declarations.
Michaelides lists numerous inherited plots in Lapithos, Vasileia, Agios Epiktitos and Klepini.
Christos Christofides declares five inherited plots in the areas of Massari and Kyra of Morphou, in addition to a 50% share in a house in Nicosia.
Adamos Aspris lists a share in a ground-floor house in Lapithos, a field and a building in the Vasileia area, as well as an apartment in Geri. The apartment was purchased in 2019 for €121,000.
From Porsche and BMW cars to vehicles worth €2,000
The declarations also reveal substantial differences in the vehicles owned by MPs.
Pamboridis lists four vehicles with a combined declared acquisition cost of €231,500. They comprise a Porsche 911 purchased in 2009 for €84,000, a BMW 740i costing €32,500, a Porsche Macan Turbo listed at €100,000 and a Ducati Scrambler motorcycle acquired in 2015 for €15,000.
Both the BMW and Porsche Macan Turbo are listed as having been acquired in 2026.
Giorgos Lysandridis declares two BMW cars with a combined acquisition cost of €115,000. The first is a BMW 520d Saloon F10, purchased in 2011 for €52,000, while the second is a BMW 520d Saloon G60, acquired in 2025 for €63,000.
Giannakis Gavriel lists three cars with a combined acquisition cost of €85,400: an Audi Q4 e-tron costing €50,400, an Audi Q5 listed at €25,000 and a Volkswagen Polo costing €10,000.
His declaration also includes a small boat received as a gift in 2018 and three hunting firearms, also acquired through gifts.
Sotiris Ioannou declares two vehicles with a combined cost of €47,000: a Toyota RAV4 purchased in 2026 for €26,000 and a Toyota C-HR acquired in 2023 for €21,000.
At the other end of the scale, Christos Christou lists a Mazda 6 with a declared value of €2,000 and an acquisition year of 2005. Pannikos Xiourouppas declares a Vespa motorcycle received as a gift in 2026, with a stated value of €1,000.
Company shares and business interests
Business interests form another significant part of several MPs’ declarations.
Pamboridis lists stakes in seven companies, including Parinis Ltd, George Pamboridis LLC, Vorando Holding Ltd, Parormisi Ltd and Parormisi Holdings Ltd.
He also declares 27,284 shares in Athinodorou Beton Ltd and 7,791 shares in Bank of Cyprus Holdings PLC, which are recorded as having been acquired following the haircut imposed on bank deposits during Cyprus’ 2013 banking crisis.
Lysandridis declares interests in three companies: LYSACO SHIPPING & TOURS LTD, LYSACO TRADING LTD and LYSISMART SOLUTIONS LTD. His declaration records two separate acquisitions of 2,500 shares in LYSISMART SOLUTIONS LTD, one in 2010 and another in 2022.
Fakontis lists 1,000 shares in FAKONTIS CIVIL ENGINEERS LLC and 500 shares in CYPERCAND PROPERTY DEVELOPER LTD, with stated initial investment amounts of €1,000 and €500 respectively.
Tsiridou declares company holding property valued at €4.2 million
Tsiridou’s declaration includes a 100% stake in Mavrommatis Estates Limited, which, according to the declaration, owns property valued at approximately €4.2 million.
She also declares a 50% stake in the law firm Kostas Tsirides & Co LLC, a 25% interest in 3R Recepto Reorganisations and Recoveries Ltd and a 50% stake in Alveare Offices Limited.
The stated value of property held by Mavrommatis Estates Limited should not be equated with the value of Tsiridou’s shares in the company. Nor should the property value be added directly to her personal assets without accounting for the company’s potential liabilities and other financial obligations.
Art, jewellery and equipment worth hundreds of thousands
Beyond property and bank accounts, the declarations include furniture, paintings, jewellery, watches, equipment and boats.
Pamboridis lists €510,000 in this category, comprising furniture valued at €200,000, paintings worth €150,000, jewellery valued at €100,000, equipment worth €50,000 and a Glastron speedboat costing €10,000.
Lysandridis declares €18,000 in other assets, including furniture and equipment worth €10,000, electronic equipment valued at €5,000, paintings worth €1,000 and jewellery, watches and accessories valued at €2,000.
Leonidou lists furniture worth €12,500, paintings valued at €5,000 and jewellery worth €3,000, bringing the total to €20,500.
Nicoletta Constantinou declares jewellery with a total stated acquisition cost of €18,000, of which €15,000 was acquired using her own funds and €3,000 through a gift.
APOEL shares and other investments
Orphanidou’s declaration includes 100 shares in APOEL Football (Public) Ltd, acquired in 1997 at a stated cost of €171.
Other MPs report holdings in listed or investment companies. Argentoulla Ioannou declares 2,026 shares in Demetra Holdings Plc, purchased for €3,313, while Christofides lists 888 shares in Demetra Investment and one share in the Bank of Cyprus.
Bank deposits range from €376,000 to just €10
The declarations show significant differences in reported bank deposits and credit balances.
Pamboridis lists total deposits of €376,206.60, followed by Eirini Charalambidou with €166,969.
House President Annita Demetriou declares €133,100, while Ioannou reports €119,205.68, Fakontis €97,302, Michaelides €93,258 and Pelekanos €90,877.40.
At the lower end of the scale, Efrem Christou declares bank balances of just €10.32. Konstantinos Constantinou lists €455, Linos Ioannis Hadjigeorgiou €540.65 and Andreas Apostolou €750.
These figures reflect the balances reported in the declarations and do not, on their own, establish the overall net worth of the individuals concerned.
Loans exceed €1.25 million in one declaration
Significant liabilities are also recorded.
Tsiridou declares loans and debit balances totalling €1,254,663.93, while Pamboridis lists €958,335.49.
Pantelides declares liabilities of €294,261, Christou €196,673.30 and Leonidou €167,310.56.
By contrast, zero outstanding loan balances are reported in the declarations of Ioannou, Savvides, Argentoulla Ioannou and Dimitris Baros, among others.
Five MPs declare no immovable property
Five of the 34 declarations published so far contain no immovable property. They belong to Ioannou, Efrem Christou, Marina Nicolaou, Xiourouppas and Constantinou.
However, the absence of declared property does not mean that these MPs have no other assets.
Nicolaou, for example, lists an Audi A3 Saloon with a stated acquisition cost of €35,000 and bank deposits of €3,589.
Constantinou declares a company interest, jewellery with a stated acquisition cost of €18,000 and bank deposits of €3,086.23.
The declarations published to date can be accessed through the official Parliament website, under the “Members of Parliament” category.
