May 2026 has once again demonstrated robust activity in the Cyprus real estate market, with data from the Department of Lands and Surveys confirming continued growth. Over 1,700 property sales contracts were registered during the month, marking a 5% increase compared to May 2025 and extending the positive trend seen throughout the past year.
Local Cypriot buyers remain the cornerstone of the property market, accounting for nearly 63% of all sales in May, with 1,081 transactions completed—a 6% year-on-year increase. While sales dipped in Nicosia and Famagusta, where sales fell by 13% and 37% respectively, the overall domestic landscape is buoyed by impressive gains in other districts. Paphos led the way with a substantial 34% increase, followed by modest growth in Limassol and Larnaca, which rose 8% each.
European Union buyers have shown remarkable enthusiasm this May, increasing their contract deposits by 31% year-over-year, with 241 sales logged. Paphos stands out as the top destination for EU nationals, where transactions surged 83%. Larnaca and Famagusta also witnessed strong growth, up 50% and 82% respectively. Although Limassol experienced an 18% decline, overall EU market segment momentum remains promising, sustained by ongoing demand for coastal locations.
Sales to non-EU buyers slipped marginally by 1%, with 401 contracts deposited in May 2026 compared to 405 in May 2025. Although declines were noted in Nicosia and Limassol, regions like Larnaca and Famagusta saw growth in non-EU sales, increasing 13% and 10% respectively. Year-to-date figures present a different picture—non-EU demand continues to be a vital pillar supporting Cyprus’s property market, showcasing double-digit growth across all districts, underscoring the broad appeal to international investors and lifestyle buyers.
International buyers remain a driving force in several Cypriot regions, with Paphos standing out prominently. In May, non-EU purchasers outnumbered local buyers, and combined overseas transactions more than doubled domestic sales. This trend highlights Cyprus’s ongoing attractiveness amid global economic unpredictability.
Putting these figures into perspective, Cyprus remains a dynamic real estate destination with diverse demand sources. Whether you’re considering domestic properties or exploring opportunities among affordable apartments, the market has options catering to various buyer profiles.
May 2026 data confirm a resilient Cyprus property market backed by a blend of steady local interest and strong international demand, especially in popular coastal areas. While some districts experience fluctuations, the overarching market trajectory points to steady growth supported by sound fundamentals and ongoing investor confidence.
For those intrigued by unique property opportunities, make sure to explore our auction properties listings to find competitively priced options that may not be widely available elsewhere.
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