Cyprus Property Market Soars to Its Best Sales Year Since 2007

The Cyprus real estate market has witnessed a remarkable resurgence, capping 2025 as the strongest year for property sales since the peak of 2007. December alone marked a significant 24% uplift compared to the previous year, contributing to a solid annual growth trajectory.

Historical Context: From Boom to Recovery

In 2007, Cyprus recorded an all-time high of 21,245 property sales. However, the aftermath of the global financial crisis saw these numbers plummet. The crisis, the worst economic downturn since the 1930s, disrupted property markets worldwide. Cyprus was no exception, and sales continued to decline, reaching a nadir during the island’s financial crisis in 2012–13.

March 2013 was a turning point when Cyprus secured a €10 billion bailout from international lenders including the European Commission, IMF, and ECB. The restructuring included closing down Laiki Bank and imposing losses on uninsured deposits, leading to a sharp drop in property transactions, bottoming out at just 3,767 sales in 2013.

Gradual Market Recovery Despite Challenges

Since then, Cyprus has steadily rebuilt its real estate sector, although issues such as COVID-19 disruptions, the cancellation of the controversial Golden Passport program, and persistent structural hurdles like title deed delays and non-performing loans have slowed progress.

December 2025 Sales Surge Across All Districts

According to official data from the Department of Lands & Surveys, a total of 1,659 property sale contracts were lodged in December 2025, a healthy rise from 1,339 contracts in December 2024. Every district reported increased activity:

• Nicosia: 366 sales, up 16%
• Limassol: 478 sales, up 12%
• Larnaca: 380 sales, soaring 44%
• Famagusta: 93 sales, up 39%
• Paphos: 342 sales, increased by 29%

Strong Annual Growth in 2025

The total number of property sales for 2025 reached 18,114 — a 15% increase from 15,797 sales in 2024. Every district contributed notably to this rise, reflecting a broad-based market expansion:

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

District Performance Over Three Years: Who’s Leading?

Examining the period from 2023 to 2025, Nicosia leads the market with a 32.5% rise in property transactions, climbing from 3,105 to 4,115 sales. Larnaca follows with nearly 25% growth, while Limassol saw some fluctuations but ultimately posted a 9.2% overall increase.

Famagusta and Paphos recorded more modest gains of 9.7% and 5.8% respectively. These variations illustrate differing regional dynamics and buyer preferences across Cyprus.

Market Outlook and Opportunities

The upward trajectory suggests steady confidence in Cyprus real estate, but buyers and investors should remain mindful of ongoing hurdles like title deed timelines and financing challenges. Opportunities abound, especially for savvy buyers exploring cheap houses and villas for sale in Cyprus or those interested in undervalued segments like auction properties.

As Cyprus continues to attract both local and international interest, understanding the market’s nuances remains key to making informed real estate decisions.

For a closer look at available properties spanning districts and price ranges, explore our comprehensive listings.