The Cyprus real estate market continued its robust performance through July 2025, marking the strongest start to the year observed since 2007. Official statistics published by the Department of Lands and Surveys reveal that 10,561 sales contracts were registered in the first seven months of 2025. This surpasses 2008 figures recorded just before the global financial downturn and indicates a near full recovery to pre-crisis activity levels.
Back in 2007, Cyprus saw 12,355 property transactions over the same period, placing 2025 firmly as the second-best performing year in almost two decades. These sales encompass a variety of real estate types, including residential apartments, houses, as well as commercial properties, retail, offices, warehouses, and land plots. While exact data by property category is not detailed, residential properties consistently represent about 50% of all sales.
Compared to the same period in 2024 when 9,210 contracts were lodged, January to July 2025 witnessed a 14.7% increase in overall sales nationwide. This surge is supported by a combination of strong local buyer demand and increasing international interest.
Nicosia led the growth with a 17.4% rise, fueled in part by geopolitical factors driving foreign investor confidence. Nicosia’s growth was closely followed by a remarkable 21% spike in Famagusta, while Limassol and Paphos both recorded solid 13% increases. Larnaca’s growth was more modest at 2%, illustrating varied pace across regions.
In July alone, Cyprus saw 1,832 sales contracts submitted, an 11% uplift compared to the same month in 2024. Notably, Nicosia experienced the most significant monthly hike with a 36% increase, followed by Paphos (16%) and Famagusta (13%). Limassol showed steady 5% growth while Larnaca slightly declined by 6%, although its sales remain historically strong.
Domestic buyers accounted for 59% of July’s sales, with 1,080 contracts lodged, up 8% year-on-year. Growth in local purchases was most pronounced in Nicosia, surging 31%, alongside gains in Paphos, Famagusta, and Larnaca. Limassol saw a minor dip in domestic sales, yet it maintained the position of the second-highest sales district.
International buyers made up 41% of July’s transactions with 752 contracts, rising 14% from July 2024. This demand was particularly strong in Nicosia, which posted a 69% increase, while Famagusta, Limassol, and Paphos also registered healthy growth. Larnaca experienced a 19% decline in foreign purchases during the month.
July 2025 data shows a notable spike in sales to EU nationals, jumping 36% to 274 contracts compared to last year. Nicosia again set the pace here with a staggering 135% increase. Limassol, Paphos, and Famagusta also contributed, even as Larnaca’s EU buyer purchases fell.
Non-EU buyers continued to fuel market momentum with a 5% increase to 478 contracts, led by significant spikes in Famagusta and Nicosia. Year-to-date, non-EU sales have risen 11%, illustrating sustained appetite for Cyprus property among investors and holiday homeowners.
Paphos continues to attract considerable interest from overseas investors, where non-EU buyers now outnumber locals. Its appeal as both a holiday destination and investment hotspot remains strong. Meanwhile, Limassol, Larnaca, and Famagusta also remain popular coastal areas thriving on foreign demand. Nicosia’s increased sales often tie back to overseas corporate activities and expatriate employees.
For those interested in exploring affordable options, our curated selection of Cheap Houses and Villas for Sale Cyprus and Plots of Land for Sale provide excellent starting points in this vibrant market.
While growth is encouraging, potential buyers should approach the Cyprus property market with current data insights and realistic expectations to make informed decisions in this evolving landscape.
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