Cyprus Property Market Update: February 2026 Sales Analysis

Property transactions in Cyprus showed a positive trend in February 2026, sustaining the steady upward trajectory observed throughout the past year. Recent data from the Department of Lands and Surveys reveals an 11% increase in total property sales compared to February 2025.

Breakdown of Buyer Segments

The property market continues to be led by domestic purchasers, with meaningful contributions from both European Union (EU) and non-EU buyers. February 2026 sales were distributed as follows:

• Cypriot buyers: 866 sales (56.3%)
• EU citizens: 231 sales (15.0%)
• Non-EU citizens: 430 sales (28.6%)

It’s important to note that detailed recording of EU versus non-EU buyers began only in 2018. Prior to that, foreign purchases were classified together as “Overseas Sales Contracts.”

Domestic Market Variations Across Districts

Domestic sales rose by 6% from 817 contracts in February 2025 to 866 in February 2026. However, this growth was uneven across Cyprus:

• Declines:
  • Paphos: 82 sales (down 20% from 103)
  • Larnaca: 178 sales (down 10% from 197)
• Increases:
  • Famagusta: 42 sales (up 100% from 21)
  • Limassol: 295 sales (up 26% from 235)
  • Nicosia: 269 sales (up 3% from 261)

Limassol led domestic growth in raw numbers, while Famagusta’s percentage jump was notable, largely due to comparatively low volumes last year.

EU Buyer Activity Climbs Strongly

EU nationals boosted their property purchases by 20% year-on-year, with 231 contracts filed in February 2026 versus 192 the previous year. Regional performance fluctuated:

• Downturns:
  • Famagusta: 10 sales (down 55% from 22)
  • Larnaca: 42 sales (down 7% from 45)
• Growth:
  • Nicosia: 36 sales (up 50% from 24)
  • Limassol: 51 sales (up 46% from 35)
  • Paphos: 92 sales (up 39% from 66)

Paphos remains a top destination for EU buyers, indicating enduring appeal among European investors and second-home seekers. For those interested in affordable options, check out our selection of Cheap Apartments for Sale Cyprus.

Non-EU Buyers Fuel Market Expansion

Non-EU purchasers registered a substantial 22% increase in February 2026, submitting 440 sales contracts compared to 362 in February 2025. Regional shifts include:

• Decline:
  • Nicosia: 27 sales (down 10% from 30)
• Increases:
  • Paphos: 145 sales (up 31% from 111)
  • Larnaca: 121 sales (up 30% from 93)
  • Famagusta: 11 sales (up 22% from 9)
  • Limassol: 136 sales (up 14% from 119)

Key Takeaways: Overseas Buyers Boost Demand

Paphos notably saw combined EU and non-EU sales outnumber domestic purchases, affirming its status as a prime area for international property buyers. Larnaca mirrored this trend, where overseas buyers collectively exceeded Cypriot buyer activity, signifying expanding global interest in these regions.

This robust demand from both local and foreign buyers underscores the resilience and attractiveness of the Cyprus property market. For potential investors considering opportunities in diverse property types, explore our listings for Plots of Land for Sale and Villas.

Looking Ahead: Geopolitical Risks and Market Sentiment

While February numbers reflect growth, the ongoing conflict in the Middle East introduces a layer of uncertainty to the global real estate market. The recent PERE Asia Summit 2026 in Singapore highlighted industry concerns that prolonged instability could dampen investor confidence, affecting capital inflows into real estate worldwide.

Executives warned that conflict-driven inflationary pressures and rising borrowing costs could constrain property investment returns, potentially cooling demand. Global interest rates, particularly from key economies like the United States, remain variables that stakeholders are monitoring closely.

Despite these challenges, Cyprus continues to attract diverse buyer segments, offering a wide range of property options that respond to varied investor needs.

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Data sources: Department of Lands and Surveys, Cyprus.