September Sees Cyprus Property Sales Soar to Record Highs

September 2026 marked a new peak for property transactions across Cyprus, with a total of 1,681 contracts signed. This volume represents the highest September figure since detailed records began in 2000, reflecting a robust 13% increase compared to September 2025’s 1,484 sales.

Data from the Department of Lands and Surveys highlights that almost all districts witnessed sales growth, with Larnaca leading the charge and Limassol retaining its status as the island’s largest property market.

Larnaca Drives September’s Strongest Surge

Larnaca was the standout performer, posting a 29% hike in sales to hit 393 contracts, compared to 305 last year. Limassol followed, with property sales rising 16% to 506, showing continuous buyer interest in its dynamic market.

Paphos saw a 10% rise, closing the month at 345 sales, while Nicosia experienced a moderate growth of 7%, with 374 sales. Famagusta, however, faced a 20% downturn to 63 contracts, marking its fourth straight monthly decline.

Buyer Segments in Focus

All main buyer categories recorded increased activity in September. Cypriots accounted for the majority, with 976 purchases (58.1%), followed by non-EU citizens who made 495 acquisitions (29.4%), and EU buyers, who contributed 210 sales (12.5%).

Domestic Buyer Trends

Sales to local buyers climbed by 10% year-on-year. Notably, Paphos was the only district with a dip (-14%), whereas Larnaca (+34%), Famagusta (+26%), Nicosia (+8%), and Limassol (+7%) showed upward trends.

EU Citizen Purchases

Increased demand from EU buyers rose 4%, with Nicosia showcasing a significant rebound—up 50% year-over-year. Paphos and Larnaca followed with respective gains of 17% and 13%, while Limassol also edged up by 5%. Famagusta remained the sole district where EU sales declined steeply by 85%.

Non-EU Buyer Activity

Non-EU purchaser interest surged by 26%. Limassol led with an impressive 45% increase, closely followed by Paphos (30%) and Larnaca (27%). Nicosia and Famagusta saw reductions of 31% and 9%, respectively.

Year-to-Date Market Overview: January to September 2026

A total of 14,969 sales contracts were lodged island-wide over the first nine months, reflecting a healthy 14% growth compared to the same period in 2025. Limassol maintained a commanding lead with 4,860 contracts, followed by Nicosia (3,163), Larnaca (3,291), Paphos (2,999), and Famagusta (656).

The overall upward trend underscores the persistent demand for both residential and commercial real estate across Cyprus, even as Famagusta’s short-term challenges continue.

Segment Performance Highlights

• Domestic sales grew across all districts, with Limassol increasing by 18% and other areas showing steady gains.
• EU buyers boosted their purchases by 20%, led by Paphos (39%) and Larnaca (30%).
• Non-EU buyers nearly doubled EU buyer numbers, with a 19% rise overall, supported by strong performances in Paphos and Larnaca.

International Buyer Influence

Overseas buyers, including both EU and non-EU nationals, represented 47% of all transactions during the first nine months. Paphos particularly stands out, where foreign purchasers accounted for over twice the volume of local buyers, signaling sustained international confidence in Cyprus property.

Long-Term Trends and Insights

The evolution of Cyprus’s property market since 2008 reflects expanding segmentation and growing diversity among buyers. The Department of Lands and Surveys’ data from 2018 onward distinguishes between EU and non-EU investors, offering richer insights into shifting demand patterns. Cyprus remains a compelling and dynamic real estate destination, with varied opportunities.

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Stay tuned for our next updates as we continue to track and analyze Cyprus’s vibrant real estate market.