The Cypriot real estate market showed no signs of slowing down in the first half of 2025, reaching an impressive €2.3 billion in total transaction value—an increase of about 10% year-on-year—according to data shared by Cyprus Property News from the Real Estate Agents Registration Council and the Department of Lands and Surveys.
Sales Activity on the Rise
Between January and June 2025, a total of 8,729 sale contracts were submitted, marking a 16% jump compared to the 7,553 contracts filed during the same period in 2024. Property transfers saw a slight increase of 0.5%, reaching 9,417, but the transaction value surged—highlighting growing property prices and strong investor confidence.
Residential Sector Keeps Prices Stable
Council President Marinos Kinaigirou attributed this growth to the resilience of the sector, even amid geopolitical tensions and global instability. “Demand, particularly for residential properties, remains high,” he noted, adding that continued momentum could make 2025 another standout year for the industry.
Limassol Remains on Top
Limassol maintained its lead in terms of value, recording €809.3 million across 2,725 sale contracts and 2,466 transfers. Contracts here rose by 13% compared to 2024.
Nicosia Takes the Volume Crown
While second in value, the capital Nicosia led in transfer volume, with 2,859 properties transferred, totaling €554.8 million. Sale contracts reached 2,010, up 14%, largely due to demand from local buyers.
Larnaca Posts Highest Growth Rate
Larnaca stood out for its dynamic growth, with sale contracts up 24% to 1,948 and 1,822 transfers valued at €324 million. The district is fast becoming a favorite among investors.
Paphos Keeps Momentum
Known for attracting both residential and tourism-driven buyers, Paphos also saw solid growth. Sale contracts rose 20% to 1,653, and transfers hit 1,736, reaching a total of €485 million.
Famagusta’s Steady Climb
Famagusta saw 11% more sale contracts year-on-year, totaling 393, alongside 534 transfers and a transaction value of €104.6 million.
Looking Ahead
With solid demand across all districts, particularly in the residential market, and a market that’s proven resilient despite global headwinds, the outlook for the rest of 2025 remains optimistic.
Source: Cyprus Property News