Cyprus Property Market Sees Strongest Sales Since 2007

The Cyprus real estate sector closed 2025 on a high note, with property sales reaching levels not seen since the 2007 peak. December alone recorded a remarkable 24% rise in property transactions from the previous year, cementing 2025 as the best year for the property market in nearly two decades.

Back in 2007, Cyprus experienced a record 21,245 property sales. However, the subsequent global financial crisis severely impacted the real estate market worldwide, including Cyprus. The downturn deepened when Cyprus endured its own financial crisis in 2012–2013, culminating in a €10 billion bailout deal with international lenders. This period led to drastic measures such as the closure of Laiki Bank and the imposition of losses on uninsured bank deposits, which caused property sales to plummet to just 3,767 in 2013.

Since then, the market has steadily bounced back, despite hurdles like the COVID-19 pandemic, the termination of the much-debated “Golden Passport” scheme, and persistent challenges with title deed issuances and non-performing loans. For buyers interested in various market segments, exploring Cheap Houses and Villas for Sale Cyprus offers great opportunities in today’s recovering market.

December 2025 Property Sales by District

According to data from the Department of Lands & Surveys, December 2025 saw 1,659 contract deposits at Land Registry offices, up from 1,339 in December 2024. All districts experienced growth:

• Nicosia: 366 contracts, +16%
• Limassol: 478 contracts, +12%
• Larnaca: 380 contracts, leading with +44%
• Famagusta: 93 contracts, up 39%
• Paphos: 342 contracts, +29%

Annual Sales Growth in 2025

For the full year, sales across Cyprus rose by 15% to 18,114 contracts from 15,797 in 2024. Every district saw double-digit growth:

• Nicosia: 4,115 sales (+17%)
• Limassol: 5,563 sales (+11%)
• Larnaca: 3,978 sales (+19%)
• Famagusta: 891 sales (+15%)
• Paphos: 3,567 sales (+15%)

This widespread growth highlights the strengthening demand across the island.

Three-Year Trend Highlights: Nicosia Takes the Lead

Examining sales from 2023 to 2025 reveals differing growth patterns per district. Nicosia stands out with a substantial 32.5% increase, rising from 3,105 to 4,115 sales. Larnaca follows with a 24.9% climb, while Limassol’s sales fluctuated slightly but posted a net increase of 9.2%. Famagusta and Paphos experienced more modest growth at 9.7% and 5.8%, respectively.

These trends reflect a dynamic market where urban centres like Nicosia and Larnaca are driving momentum, yet opportunities persist island-wide.

Whether you’re searching for affordable apartments or more substantial investment properties, the Cyprus real estate market’s recent performance offers promising prospects coupled with a nuanced understanding of local market realities.