Cyprus Property Market Soars to €2.3 Billion in H1 2025 Amid Strong Residential Demand

The Cyprus real estate sector has demonstrated promising growth during the first half of 2025. According to data released by the Real Estate Agents Registration Council of Cyprus and compiled by the Department of Lands and Surveys, property sales have surged to a total value of €2.3 billion from January through June.

During this period, 8,729 sale contracts were officially submitted — a noticeable 16% increase compared to the 7,553 contracts registered in the same timeframe in 2024. Interestingly, while the total number of property transfers rose only slightly by 0.5% to reach 9,417, the overall transaction value showed a robust uplift of approximately 10% year-on-year.

Market Resilience Amidst Global Challenges

Marinos Kinaigirou, President of the Real Estate Agents Registration Council of Cyprus, emphasized the market’s consistent momentum despite ongoing geopolitical tensions and economic uncertainties that marked the second quarter of 2025.

“Demand remains particularly strong in the residential sector, which has played a key role in stabilising property prices,” Kinaigirou remarked. He further noted that, barring unforeseen economic or geopolitical disruptions, the Cypriot property market is on track to close 2025 with another strong performance.

Regional Breakdown: Limassol, Nicosia, and Beyond

Limassol continues to dominate the market by value, with transfer worth reaching €809.3 million. The district also saw 2,725 sale contracts filed, marking a 13% increase from last year, alongside 2,466 property transfers.

Nicosia holds the lead in transaction volume, recording 2,859 transfers valued at €554.8 million. Sales contracts hit 2,010, a 14% rise fueled mainly by local Cypriot buyers investing in permanent residences.

Larnaca emerged as the fastest-growing district in contract filings, achieving a 24% increase with 1,948 sale contracts. The total property transfer value here stood at €324 million over 1,822 transactions, highlighting Larnaca’s increasing magnetism for both investors and homebuyers.

Paphos, well-known for its appeal to both permanent residents and tourism-related investors, posted a 20% jump in sale contracts to 1,653. The property transfer count was 1,736 with a combined value of €485 million.

Famagusta experienced steady growth as well, with 534 transfers and 393 contracts filed—an 11% increase compared to early 2024. Total values reached €104.6 million, underscoring the ongoing positive trend across all districts.

Looking Forward: What Buyers Should Watch

The sustained demand in Cyprus’ residential market—anchored by a diverse range of properties, from affordable houses and villas to premium developments—suggests the property sector remains a robust pillar of the economy.

While global economic headwinds and geopolitical uncertainties persist, Cyprus’ property market continues to prove its resilience, offering opportunities for investors and homebuyers alike to benefit from long-term value appreciation.