Cyprus Property Market Closes 2025 with Over €4.7 Billion in Transfers

In 2025, Cyprus’ real estate market demonstrated impressive resilience, with the total value of property transfers exceeding €4.7 billion. This growth underscores the island’s sustained appeal as an investment destination, even amid global economic uncertainties. Data from the Real Estate Agents Registration Council of Cyprus highlights a thriving sector bolstered by diverse buyer interests.

The Department of Lands and Surveys’ quarterly statistics, analysed by the Council, reveal a 15% year-on-year rise in the number of property sale contracts filed nationwide. With 18,114 contracts registered in 2025 compared to 15,797 in 2024, demand clearly remains robust. Though the volume growth was modest at 0.77%, the transaction value surged by nearly 10%, indicating a noticeable trend toward higher-value property deals.

Marinos Kynaigeirou, President of the Council, commented on these figures noting the market’s strength and steady progress despite global economic pressures. He highlighted that premium properties are driving value growth, while affordable housing remains a critical challenge amid ongoing price rises. Looking forward, a stabilization phase is expected in 2026, balanced with efforts to address accessibility in the sector.

Regional Breakdown of Property Transfers in Cyprus

Nicosia

Nicosia’s real estate market showed considerable growth, with transfer values breaking the €1.1 billion mark—up from €950 million in 2024. The volume of transactions climbed to 5,917, accompanied by a sustained demand for new homes, as evidenced by a rise to 4,115 sale contracts.

Limassol

Limassol leads in total transaction value with €1.7 billion recorded in 2025, an increase from €1.5 billion the year before. Interestingly, while the overall number of transfers decreased slightly, this points to fewer but higher-priced deals. Interest in villas and new builds strengthened, as sale contracts rose to 5,563.

Paphos

Paphos experienced a mixed year: sale contracts increased to 3,567, yet both the number of property transfers and their total value declined slightly. This suggests a softer market in completed transactions but growing interest in new agreements.

Larnaca

Larnaca’s real estate market showed broad gains, with transfer values rising to €698.5 million and transaction volumes inching up. Sale contracts surged to 3,978, reflecting solid buyer demand across segments.

Famagusta

Famagusta saw a slight drop in transaction volumes, yet total transfer values climbed to €236.6 million. The number of sale contracts also increased, pointing to a healthy appetite in specific property categories.

For those exploring various options in Cyprus, whether it’s cheap houses and villas or different property types, the market continues offering diverse opportunities. Understanding these regional dynamics is key to making informed investments in Cyprus real estate.