April 2026 will be remembered as a record-breaking month for the Cyprus property market. Official data from the Department of Lands & Surveys reveals that 1,611 property sale contracts were registered across the island, marking an impressive 15% rise compared to 1,404 contracts recorded in April 2025.
This latest tally not only breaks the previous April record of 1,556 sales from 2007 — considered the peak year in Cyprus’ property history — but does so by an additional 55 transactions. The figures encompass a broad range of properties, from residential houses and apartments to commercial assets such as offices, retail spaces, warehouses, and land sales including fields and building plots.
The positive momentum was evident across most districts. Paphos led this surge with a remarkable 41% year-over-year increase in sales, followed by Larnaca with 21%. Limassol and Nicosia saw more modest uplifts of 10% and 2%, respectively, while Famagusta’s sales remained stable.
Looking at the first four months of 2026 as a whole, property sale contracts surged to 6,320, a 14% increase over the 5,541 registrations for the same period in 2025. Regional growth showed a balanced outlook, with Famagusta experiencing the highest jump at 25%, then Paphos at 18%, Limassol coming in at 14%, Larnaca at 12%, and Nicosia at 11%.
Current geopolitical tensions, notably Trump’s war in Iran, are anticipated to drive further demand as Cyprus continues to be perceived as a safe haven attracting both individuals and companies. While the ongoing conflict may put upward pressure on construction costs, it also boosts external interest in Cyprus real estate, potentially pushing prices even higher.
Local buyers remain the backbone of the Cyprus property market. In April 2026, Cypriot nationals accounted for 962 sales (around 60% of transactions), while EU nationals contributed 197 contracts (12.2%) and non-EU buyers were responsible for 452 sales (28.1%).
Cypriot property transactions showed a 13% year-on-year increase in April, jumping from 852 to 962 contracts. Notable increases were seen in Larnaca (+37%), Limassol (+20%), and Paphos (+16%), though sales in Nicosia fell by 4% and Famagusta remained unchanged.
Year to date, domestic sales rose 9%, with all districts aside from Paphos (which saw a slight decline) showing healthy gains.
Sales to EU buyers in April increased by 6% compared to last year, with Paphos (+50%) and Larnaca (+19%) leading growth. However, Limassol and Famagusta experienced declines in EU sales. Through the first four months, EU nationals saw a 20% rise in contracts deposited, though Famagusta again lagged behind.
Non-EU buyers demonstrated robust growth with a 23% increase in April sales. Paphos (+64%) and Nicosia (+60%) recorded the sharpest rises. Over the first four months, non-EU buyers contributed to a 21% climb in contracts deposited, with gains across every district.
Combined EU and non-EU foreign buyers now represent 42.6% of total property sales in 2026, emphasizing their critical role in sustaining market momentum. Notably, in Paphos, overseas buyers purchased more than twice the number of properties compared to local buyers.
Despite geopolitical uncertainties, the Cyprus property market continues to demonstrate resilience, supported by strong demand from both local residents and international investors alike.
For those interested in exploring more affordable options, check out our curated listings of Cheap Houses and Villas for Sale Cyprus and Cheap Apartments for Sale Cyprus.
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