Cyprus Property Market Hits Highest Sales Since 2007

The Cyprus real estate market closed 2025 on a high note, with property sales experiencing a significant upswing not seen since the pre-crisis peak of 2007. December alone saw a remarkable 24% increase in transactions, driving the annual total to 18,114 sales—a 15% rise compared to 2024’s figures. This surge reaffirms Cyprus as a resilient and attractive market despite global and domestic challenges.

Reflecting on the Market’s Journey Since the 2007 Peak

Back in 2007, Cyprus recorded its highest annual property sales at 21,245. The ensuing global financial crisis triggered a steep downturn across property markets worldwide, with Cyprus feeling the impact keenly. By 2013, during the island’s financial crisis, sales had plummeted to just 3,767 as severe austerity measures and banking reforms reshaped the landscape.

The 2013 bailout, involving the European Commission, IMF, and ECB, brought tough banking restructuring, including the closure of Laiki Bank and deposit haircuts, which further subdued market activity.

Steady Recovery Amid Ongoing Challenges

The market has seen a gradual revival since those years, though obstacles remain. The pandemic in 2020 created short-term disruptions, complicated by the cessation of the controversial Golden Passport scheme. Structural issues like title deed delays, foreclosures, and non-performing loans continue to affect some segments. Despite this, healthy demand and improving economic indicators have fueled growth.

District-by-District: December 2025 vs. December 2024 Sales Analysis

According to the Department of Lands & Surveys, December 2025 saw 1,659 property sale contracts registered, up from 1,339 in December 2024, marking growth across all districts:

• Nicosia: 366 vs 315 (+16%)
• Limassol: 478 vs 428 (+12%)
• Larnaca: 380 vs 263 (+44%)
• Famagusta: 93 vs 67 (+39%)
• Paphos: 342 vs 266 (+29%)

Annual Sales Highlights: Widespread Growth Across All Districts

Year-over-year comparisons reveal consistent double-digit percentage increases in total transactions for 2025 compared to 2024:

• Nicosia: 4,115 vs 3,527 (+17%)
• Limassol: 5,563 vs 5,032 (+11%)
• Larnaca: 3,978 vs 3,356 (+19%)
• Famagusta: 891 vs 775 (+15%)
• Paphos: 3,567 vs 3,107 (+15%)

This impressive recovery manifests increasing investor confidence and heightened interest from foreign buyers, especially in expanding regions like Larnaca and Paphos.

What’s Next for Buyers and Investors?

Looking ahead, the market shows promising momentum, yet buyers should stay attentive to ongoing regulatory reforms and emerging market trends. If you’re exploring opportunities, check out our Cheap Houses and Villas for Sale Cyprus or browse Auction Properties in Cyprus for competitive deals.

Our expert guidance and up-to-date analytics will keep you informed as Cyprus continues its path toward a balanced and mature property sector.