Cyprus’ real estate sector is off to a booming start in 2025, logging property transfers worth more than €1.1 billion in just the first quarter of the year. According to figures from the Department of Lands and Surveys, a total of 4,137 sale contracts were submitted between January and March—marking a 15% increase from the 3,597 contracts filed during the same period in 2024.
Strong Demand Powers Market Growth
While the number of property transfers dipped slightly by 2.9%, the overall value of transactions rose sharply, signaling heightened interest in higher-value properties and robust investor confidence.
Expert Insights: A Promising Start, but Not Without Risks
Marinos Kineyirou MRICS, President of the Council for the Registration of Estate Agents, noted that 2025 has opened on a high note for Cyprus real estate.
“The demand remains strong and supply is catching up. If interest rates fall further, we could see even more momentum. Still, there are risks—particularly in housing—with rising construction costs and global trade tensions being key concerns.”
District-by-District Breakdown
Let’s take a closer look at how each district performed in Q1 2025:
🏙 Limassol: The Market Leader
Limassol remains the top performer, with a whopping €428.7 million in total transaction value.
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1,295 sale contracts filed
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1,203 property transfers completed
This makes it the most sought-after area for both resale homes and new developments.
🏛 Nicosia: Stability in the Capital
Nicosia delivered solid performance with:
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1,304 property transfers
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€283.5 million in value
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932 sale contracts
The capital’s enduring appeal is especially strong in the new development sector.
🌊 Paphos: Popular with International Buyers
Paphos had another strong quarter, reporting:
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811 property transfers
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€199 million in value
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829 contracts filed
The region continues to attract foreign investors and residential buyers alike.
✈️ Larnaca: Quietly Gaining Ground
Larnaca is shaping up to be a rising star in the market:
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843 transfers recorded
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€154 million in total value
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910 contracts submitted
This surge reflects growing interest backed by new investment projects and ongoing development.
🏖 Famagusta: Small but Promising
Though Famagusta posted the lowest numbers, it’s showing quiet potential:
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251 transfers
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€48 million in transaction value
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171 contracts filed
Its affordable prices and strong tourism prospects may drive further growth this year.
Final Thoughts
With over €1.1 billion in property deals and strong buyer activity across all districts, Cyprus has set the stage for a promising real estate year. As 2025 unfolds, investors and buyers alike may find exciting opportunities — especially if favorable monetary policies continue and development projects ramp up.
Source: Cyprus Property News