The latest data from the Department of Lands and Surveys reveals a nuanced landscape in Cyprus’ property sales for August 2025, with a slight 1% overall decline tempered by strong performance in key districts. While national property transactions dipped marginally, Limassol’s resilient market activity played a pivotal role in balancing softer sales figures across other regions.
August recorded 649 domestic sales, virtually unchanged compared to 650 in the same month last year. However, Limassol stands out, posting a robust 46% increase in domestic sales (267 contracts) compared to last August (183 contracts). This surge helped cushion declines across other districts such as Famagusta (-33%), Larnaca (-36%), Paphos (-23%), and Nicosia (-6%).
On the international front, overseas buyers slightly retracted with 479 property purchases, a 1% dip from August 2024’s 485 contracts. District-specific trends were mixed: Larnaca (+13%) and Paphos (+4%) gained interest from foreign buyers, while Limassol (-9%), Famagusta (-25%), and Nicosia (-9%) saw decreases.
Breaking down by buyer origin, sales to EU nationals in August increased modestly by 3%, from 150 to 155 contracts. Gains in Larnaca (+15%) and Paphos (+11%) contrasted with declines in Limassol (-5%), Nicosia (-6%), and Famagusta (-17%). Meanwhile, non-EU buyer contracts fell 3% year-on-year to 324 units, despite notable growth in Larnaca (+12%) and stability in Paphos.
Looking beyond month-to-month fluctuations, year-to-date statistics through August 2025 display a healthier market. Domestic sales surged by 12%, overseas sales increased by 14%, EU buyer purchases rose an impressive 25%, and non-EU buyer activity showed a 6% uplift compared to the same period in 2024. All districts contributed positively to these annual gains, signaling broad-based demand.
Paphos continues to attract strong foreign investment, with non-EU buyers outpacing locals, reflecting its popularity for holiday homes and second residences. Meanwhile, Larnaca and Famagusta are beginning to see greater interest driven in part by geopolitical developments, pointing to a diversification of investment beyond traditional hotspots like Limassol and Paphos.
A historical perspective from 2008 to 2025 demonstrates how international buyers have steadily shaped Cyprus property market trends, reinforcing their vital role in the island’s real estate landscape.
One possible explanation for the August downturn among overseas buyers could be the extreme heat waves, with temperatures surpassing 40°C on multiple days. Such conditions may have temporarily influenced buyer behavior, particularly from international investors unaccustomed to the heat.
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In conclusion, while August 2025 showed a slight overall dip in property sales on the island, the strength of markets like Limassol and ongoing growth in foreign buyer interest reveal a resilient and evolving real estate environment in Cyprus.
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