Cyprus Property Market Surpasses €2.3 Billion in H1 2025 Amid Steady Growth

The Cyprus real estate sector continued to display robust momentum in the first half of 2025, with total property sales reaching an impressive €2.3 billion, according to the latest data published by the Real Estate Agents Registration Council of Cyprus and the Department of Lands and Surveys.

Between January and June 2025, a total of 8,729 sale contracts were officially registered—signifying a 16% increase compared to 7,553 contracts during the same period last year. Despite only a modest rise of 0.5% in total property transfers, which numbered 9,417, the value growth stands at nearly 10%, reflecting a healthy upward trend in property prices across Cyprus.

Market Insights from the Council

Marinos Kinaigirou, President of the Real Estate Agents Registration Council, noted the market’s resilience amid ongoing geopolitical and global economic uncertainties, especially affecting the latter part of Q2 2025. He emphasized, “Strong demand, especially in residential properties, has been a key factor in stabilizing prices, and barring unforeseen events, we anticipate 2025 to remain a strong year for Cyprus’ property landscape.”

Regional Performances: Limassol, Nicosia, and Beyond

Limassol maintains its dominance in the market, leading with sale contract values totaling €809.3 million. The area saw 2,725 sale contracts and 2,466 property transfers, marking a 13% year-on-year increase in contract activity. Real estate opportunities here range widely, including houses for sale in Cyprus, appealing to both local and international buyers.

Nicosia comes second in market value with €554.8 million but leads in transaction volume with 2,859 transfers and 2,010 sale contracts—a 14% boost from the previous year. The capital’s property demand is driven predominantly by Cypriot nationals seeking permanent residences, highlighting a sustained domestic market.

Larnaca stands out for the strongest growth rate, seeing a 24% jump to 1,948 sale contracts. It also recorded €324 million in transfer values from 1,822 transactions, showcasing its rising appeal among investors and buyers alike. Explore Larnaca properties to discover emerging opportunities.

Paphos continues attracting buyers interested in permanent housing and tourism-related investments. Sale contracts surged by 20% to 1,653, with transfers reaching 1,736 and total transaction values at €485 million during the first half of 2025.

Though smaller in volume, Famagusta posted a positive trajectory with an 11% increase in sale contracts and a total transaction value of €104.6 million—demonstrating steady confidence in this region’s market.

Looking Forward

In summary, Cyprus’ property market is exhibiting steady growth supported by strong residential demand and notable regional variance. Whether you’re searching for affordable apartments or prime investment locations, current trends suggest 2025 will continue to be a year of opportunity, despite external economic challenges.

For those keeping an eye on the real estate landscape, these insights highlight the balanced and evolving nature of Cyprus’ property market, providing an honest perspective without glossing over areas of caution.