Cyprus Property Market Surpasses €4.7 Billion in 2025

The Cyprus real estate sector once again demonstrated its resilience and vitality in 2025, with the total value of property transfers exceeding an impressive €4.7 billion. This data, sourced from the Real Estate Agents Registration Council of Cyprus, reflects the island’s sustained appeal even amidst complex global economic uncertainties.

According to official statistics from the Department of Lands and Surveys, analysed quarterly by the Council, the number of sale contracts filed rose by 15% year-on-year, reaching 18,114 for the full year, up from 15,797 in 2024. Interestingly, while the number of transfers edged up slightly by 0.77%, the overall transaction value jumped approximately 10%, signaling a trend toward higher-value property acquisitions.

Marinos Kynaigeirou, Council President, commented on these encouraging numbers, highlighting the market’s steady performance despite international financial pressures. He emphasized that property remains a reliable investment in Cyprus, especially with growing demand for premium real estate. However, Kynaigeirou also pointed out that affordable housing continues to be a significant issue as prices climb—an important consideration for investors and locals alike.

Property Transfers Breakdown by District

Nicosia

Nicosia saw notable growth, with transfer values exceeding €1.1 billion, up from €950 million in 2024. Transfer volumes jumped to 5,917, driven by strong demand for new developments, with 4,115 sale contracts recorded.

Limassol

Limassol continues to top the charts for transaction value, reaching €1.7 billion compared to €1.5 billion in 2024. Yet, the number of transfers dipped slightly, implying fewer transactions but at higher values. There was a clear surge in new-build property contracts, which climbed to 5,563.

Paphos

The picture in Paphos was mixed. While sale contracts increased to 3,567, both transaction volumes and overall values declined moderately, suggesting a slowdown in finalized deals.

Larnaca

In Larnaca, both transfer values and volumes grew steadily, recording €698.5 million in value and a slight volume rise, supported by a notable jump to 3,978 sale contracts, reflecting healthy and ongoing demand.

Famagusta

Famagusta experienced a small decline in transfer volumes, yet transaction values rose to €236.6 million with an increase in the number of sale contracts, indicating selective investment activity in the district.

For buyers seeking diverse options, including affordable apartments in Cyprus or exploring auction properties in Cyprus, the market remains dynamic with opportunities at various price points.

As we move into 2026, the market is expected to stabilize with a continued focus on balancing premium property demand with the acute need for affordable housing, shaping the landscape for buyers, investors, and developers alike.