The Cyprus property market has ended 2025 on a high note, recording its strongest year for sales since the pre-crisis peak in 2007. December alone saw a remarkable 24% increase compared to the same month last year, contributing to a steady upward trend throughout the year.
Back in 2007, Cyprus witnessed record-breaking property sales of 21,245 contracts. However, the global financial crisis that unfolded shortly after caused a severe downturn worldwide, and Cyprus was no exception. The island’s property transactions continued to decline sharply, reaching a low point in the wake of its own financial turmoil in 2012–13.
In 2013, Cyprus secured a substantial €10 billion bailout from international lenders, including the European Commission, the IMF, and the European Central Bank. The bailout entailed the closure of Laiki Bank and significant losses on uninsured deposits, events which dealt a heavy blow to the economy. Consequently, property sales plummeted to just 3,767 contracts within that year.
Since then, the real estate sector has made a gradual recovery despite hurdles such as the COVID-19 pandemic in 2020, the discontinuation of the controversial “Golden Passport” scheme, and persistent challenges like delays in issuing title deeds, repossessions, and non-performing loans.
Looking at December 2025 alone, Department of Lands & Surveys data show a total of 1,659 contracts deposited, up from 1,339 in December 2024. All districts recorded growth:
For the full year, total property sales reached 18,114 contracts in 2025, a strong 15% growth compared to 15,797 in 2024. Every region posted notable double-digit growth:
A closer look at data from 2023 to 2025 reveals the diverse pace of growth across regions. Nicosia led the charge with a dramatic 32.5% sales increase, followed by Larnaca at 24.9%. Limassol experienced a slight dip in 2024 before rebounding to an overall 9.2% rise in sales, while Famagusta and Paphos showed more modest increases of 9.7% and 5.8% respectively.
This resurgence highlights a sustained demand for property throughout Cyprus, although the pace differs from district to district. Buyers interested in different types of properties can explore a wide range of options on Cheap Houses and Villas for Sale Cyprus or browse affordable urban options at Cheap Apartments for Sale Cyprus.
As Cyprus steadily regains momentum in its real estate market, potential investors and homebuyers should remain aware of ongoing structural issues—especially delays in title deeds and the legacy of non-performing loans—which can influence transactional timelines.
Despite these challenges, the overall upward trend in property sales across all districts underpins Cyprus’ enduring appeal as a destination for local and international property buyers alike.
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