Cyprus Real Estate Market in 2025: A Dynamic First Quarter

Cyprus’ real estate scene has surged into 2025, registering property transfers valued at over €1.1 billion and a robust 4,137 sale contracts filed during the first quarter. This performance translates into a 15% year-on-year growth in the number of contracts across the Republic.

According to data from the Department of Lands and Surveys, sale contracts climbed to 4,137, up from 3,597 in the same period of 2024. Despite a minor 2.9% dip in overall transfer volume, the market’s total value soared by 15%, pushing annual transactions beyond €1.1 billion.

Positive Market Momentum

Marinos Kineyirou MRICS, President of the Council for the Registration of Estate Agents, emphasized the encouraging start, noting that strong demand, potential interest rate cuts, and adequate supply are fueling the market. However, ongoing trade tensions and possible rises in building costs remain important considerations.

Regional Highlights

Limassol: Leading the Pack

Limassol stands firmly in the spotlight with €428.7 million in transaction value and 1,295 sale contracts filed. A total of 1,203 property transfers underscores the district’s popularity for both new and resale properties.

Nicosia: Consistent Growth

Nicosia recorded 1,304 property transfers worth €283.5 million and 932 sale contracts. The capital’s stable market continues to attract new developments and keen buyers interested in its steady returns. If you’re exploring options in the region, check out our listings in Nicosia.

Paphos: Sustaining Momentum

With 811 transfers worth €199 million and 829 sale contracts, Paphos remains a prime choice for international investors. Demand spans both residential and investment categories, reflecting the district’s ongoing appeal.

Larnaca: Fast-Growing Market

Larnaca continues its upward trajectory with 843 property transfers amounting to €154 million and 910 sale contracts. Major development projects signal further expansion in the near future.

Famagusta: Potential in Quiet Growth

While Famagusta posted lower figures, it still logged 251 transfers valued at €48 million and 171 sale contracts. Its lower property prices and long-term tourism prospects could make it an attractive market segment, especially for those on the lookout for cheap houses and villas for sale in Cyprus.

Conclusion

Cyprus’ property market has seen a strong first quarter in 2025, fueled by robust demand and favorable fundamentals. With the remainder of the year likely to build on this momentum, investors and homebuyers can anticipate promising opportunities ahead.

(Translated and summarised from the Greek article in Economy Today)