Cyprus Real Estate Shines in May 2025: Sales Hit a New Milestone

Cyprus’s real estate sector maintained solid growth in May 2025, showing a substantial rise in sales activity compared to the same period last year. These figures highlight a positive—yet measured—outlook for the remainder of the year.

May 2025 Property Sales Overview

Data from the island’s Land Registry reveals that 1,664 property sales were registered in May—a level not seen since 2007, when 2,097 contracts were filed during the same month. In comparison to May 2024, which recorded 1,268 transactions, this year’s total marks an impressive 30% increase. These transactions include various property types, from residential and commercial units to agricultural and industrial plots.

Key Market Drivers

• Property price growth has slowed, as cited by the Bank of Cyprus’s Q4 2024 findings.
• Planning and building permit procedures are moving faster than in previous years.
• Lower housing loan interest rates, averaging around 3.78%, are encouraging more buyers to enter the market.

District-Level Highlights – May 2025

Each district achieved year-on-year growth in May:

• Limassol: 525 sales, up 18%
• Larnaca: 369 sales, up 37%
• Nicosia: 369 sales, up 26%
• Paphos: 304 sales, up 44%
• Famagusta: 77 sales, up 54%

Continuing Upward Momentum

The trajectory is even clearer when you consider the year-to-date results. From January to May 2025, 7,185 properties were sold island-wide, representing a 15% boost from the 6,231 sales recorded in the corresponding period of 2024.

Here’s the district breakdown thus far in 2025:

• Limassol: 2,281 sales, up 14%
• Nicosia: 1,655 sales, up 17%
• Larnaca: 1,554 sales, up 19%
• Paphos: 1,371 sales, up 11%
• Famagusta: 324 sales, up 19%

Interested buyers aren’t just looking for traditional properties—they’re exploring a broader range of options. Popular avenues include Auction Properties in Cyprus and Plots of Land for Sale, reflecting greater diversification in the market.

Market Outlook

While external economic signs and interest rate movements could influence future sales, current data points to a healthy foundation for Cyprus real estate going into the second half of 2025. The blend of rising investment interest, improved administrative processes, and convenient lending conditions is fueling market confidence.

Still, industry observers remain watchful. Factors like interest rates, the broader geopolitical landscape, economic developments, and foreign investment decisions all have the potential to sway the market’s path through the rest of the year.