August 2025 brought a subtle shift in Cyprus’s real estate sales, with a slight overall dip of 1%. However, this minimal downturn masks a more complex and diverse property landscape, as revealed by the latest data from the Department of Lands and Surveys. While some districts experienced declines, Limassol’s vibrant market growth offset these losses, keeping the island’s property scene broadly steady.
In terms of domestic property sales, the number of contracts in August 2025 remained virtually unchanged year-on-year (649 vs 650). Nevertheless, Limassol stood out with a remarkable 46% surge in sales, soaring from 183 contracts in August 2024 to 267 this year. The other districts didn’t share the same fortune, facing downturns: Famagusta (-33%), Larnaca (-36%), Paphos (-23%), and Nicosia (-6%).
Despite August’s mixed results, the first eight months of 2025 show a more optimistic picture, with domestic sales up 12% across all districts. This growth highlights a resilient local market and increasing interest in various property types, from affordable apartments to more premium offerings.
Property purchases by overseas buyers declined slightly by 1% in August (479 contracts vs 485 in 2024). This came despite positive performances in certain districts; Larnaca and Paphos recorded increases of 13% and 4%, respectively. Conversely, Famagusta, Limassol, and Nicosia saw decreases ranging from 9% to 25%.
Year-to-date figures tell a more favorable story: international transactions have increased by 14%, signaling sustained demand from foreign investors. Notably, the rise in interest within Paphos and Larnaca reflects a broadening of Cyprus’s appeal beyond the typical hotspots.
When breaking down the international segment: sales to EU nationals in August edged up 3%, with a total of 155 contracts, while non-EU buyer transactions dipped 3% to 324 contracts. Despite these short-term fluctuations, both groups have posted substantive growth through the first eight months—25% for EU buyers and 6% for non-EU buyers—indicating strong underlying momentum.
District-level trends further underscore this dynamic: EU buyer interest surged in Larnaca and Paphos, while Limassol experienced a modest decline. For non-EU buyers, Larnaca showed resilience with a 12% increase, but Limassol and Famagusta faced noticeable decreases.
The unusually high August temperatures, with some days exceeding 40°C, may have tempered buyer activity, especially amongst overseas clientele less accustomed to Cyprus’s summer heat. This environmental factor, coupled with fluctuating geopolitical conditions, appears to be prompting international investors to diversify their focus across various Cypriot districts.
The long-term data from 2008 through 2025 illustrates Cyprus’s evolving property market, where international demand continues to shape local sales patterns. In Paphos, non-EU buyers now account for a significant share of the market, reaffirming its reputation as a magnet for holiday homes and expatriate living.
Meanwhile, districts like Larnaca and Famagusta are emerging as attractive alternatives amid shifting global dynamics. This diversification hints at a more balanced and mature property market, offering opportunities across all price points—from cheap houses and villas for sale to luxury properties.
For buyers and investors looking to navigate Cyprus’s changing landscape, staying informed with detailed, unbiased data is crucial. The balance Limassol currently provides may shift, but the overall growth trajectory remains positive as Cyprus continues to attract a diverse range of purchasers.
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