Cyprus Property Market Surges to €2.3 Billion in H1 2025

The real estate sector in Cyprus continues to demonstrate strong growth, with property sales reaching an impressive €2.3 billion during the first half of 2025. Latest data from the Real Estate Agents Registration Council of Cyprus and the Department of Lands and Surveys reflect notable momentum despite global uncertainties.

Robust Growth in Property Transactions

Between January and June 2025, a total of 8,729 sale contracts were registered, marking a 16% increase compared to the 7,553 contracts filed in the first half of 2024. Interestingly, the number of property transfers edged up by a modest 0.5%, reaching 9,417 transactions, yet their combined value rose by approximately 10% year-on-year.

Marinos Kinaigirou, President of the Real Estate Agents Council, emphasized the market’s resilience: “Despite global geopolitical challenges in the second quarter, demand remains robust, particularly in the residential sector, helping to maintain price stability.” He adds optimism for the remainder of 2025, provided no unexpected disruptions occur.

Leading Regions: A Detailed Overview

Limassol: The Top Performer

Limassol held firm as the top district in terms of property value, with sales totaling €809.3 million. This came from 2,725 contracts and 2,466 transfers, reflecting a 13% increase in contracts year-on-year. The district’s vibrant property market continues to attract both local and international investors.

Nicosia: Volume Leader

Nicosia followed closely, posting the highest volume with 2,859 transfers valued at €554.8 million. Sale contracts climbed 14% to 2,010, largely driven by Cypriot buyers seeking permanent homes. The capital’s evolving market dynamics suggest steady demand for houses for sale.

Larnaca: The Fastest Growing Market

Larnaca recorded the strongest surge in sale contracts, rising by 24% to 1,948. Property transfers in the region, totaling 1,822, were valued at €324 million. The region’s growing appeal to both residential buyers and investors highlights its emerging status on Cyprus’ real estate map.

Paphos: Steady Demand from Residents and Tourists

Paphos, popular for both permanent living and tourism-related investment, saw sale contracts jump 20% to 1,653, with 1,736 transfers totaling €485 million. The area’s diverse buyer profile keeps its property market actively engaged.

Famagusta: Positive Trends Despite Smaller Scale

The Famagusta district, while smaller in volume and value, maintained an 11% growth with 393 sale contracts and 534 transfers. Total transaction value stood at €104.6 million, showing promising upward movement.

What This Means for Buyers and Investors

Strong demand across districts and a particular focus on residential properties imply Cyprus’ real estate market remains a solid option for both homebuyers and investors. Whether you’re exploring options for affordable houses and villas or eyeing premium properties, these latest trends highlight a balanced market with potential opportunities.

While global uncertainties linger, Cyprus continues its steady march upwards, welcoming increasing interest from both local residents and international buyers.