Cyprus’ real estate market made a bold leap forward in March 2025, with property sales jumping 19% compared to the same month last year. What’s more, every single district posted double-digit growth, showcasing strong demand across the board.
District-by-District Highlights
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Paphos led the charge with a 32% rise in sales.
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Larnaca followed with 21% growth.
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Nicosia recorded an 18% increase.
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Famagusta went up 15%.
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Limassol, while posting the smallest percentage increase at 11%, had the highest number of transactions overall — 477 sales — the largest monthly sales volume ever recorded in any district since 2008.
Zooming out, Q1 of 2025 has been equally positive. All five districts reported year-on-year increases:
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Larnaca up 26%
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Limassol and Nicosia both up 15%
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Paphos up 7%
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Famagusta up 4%
Market Breakdown: Who’s Buying in Cyprus?
🏡 Domestic Buyers (Cypriot Market)
March 2025 saw a 14% increase in domestic sales compared to March 2024. All districts showed growth:
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Famagusta up 27%
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Nicosia up 26%
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Paphos up 20%
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Larnaca up 7%
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Limassol up 6% (but with the highest number of domestic sales at 305)
Q1 domestic sales rose 15% year-on-year. While Paphos saw an 8% dip and Famagusta stayed flat, other districts showed gains:
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Larnaca +29%
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Limassol +17%
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Nicosia +16%
🌍 International Buyers
Overseas demand remained strong, with a 25% year-on-year increase in March 2025.
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Larnaca up 41%
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Paphos up 39%
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Limassol up 21%
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Nicosia down 13%
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Famagusta remained unchanged
Paphos topped the overseas sales list for the month, with 204 transactions.
In Q1 2025, international sales climbed 15%:
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Larnaca +22%
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Paphos +16%
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Limassol +14%
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Famagusta +9%
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Nicosia +2%
🇪🇺 Sales to EU Citizens
March 2025 saw a 16% rise in purchases by EU citizens.
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Larnaca saw a whopping 65% increase
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Paphos up 60%
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Limassol up 10%
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Nicosia down 36%
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Famagusta down 27%
Over the first quarter:
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Paphos up 55%
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Famagusta up 49%
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Larnaca up 27%
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Limassol up 16%
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Nicosia the only one down, by 6%
🌐 Sales to Non-EU Citizens
Non-EU buyers showed even stronger momentum with a 30% increase in March compared to 2024. All districts posted growth:
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Famagusta +40%
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Larnaca +34%
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Paphos +31%
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Limassol and Nicosia both up 26%
For Q1 2025, overall non-EU sales rose 10%:
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Larnaca +20%
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Limassol +14%
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Nicosia +10%
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Paphos +3%
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Famagusta was the only district to decline, dropping 21%
📊 Regional Trends: Who Prefers What?
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Paphos continues to shine with international buyers, especially non-EU nationals, who are purchasing more properties there than domestic buyers.
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Larnaca is rapidly gaining popularity among overseas investors — it saw the strongest growth in the international market (22%) in Q1.
Source: www.news.cyprus-property-buyers.com