The Cyprus real estate market surged in June 2025, with 1,544 property sale contracts filed at Land Registry offices across the island, a 17% year-on-year increase from the 1,322 transactions recorded in June 2024. This marks the second-highest June sales total ever, trailing only behind the 2007 record of 1,950 deals.
These transactions span a variety of property types, including homes, commercial buildings, land plots, and industrial spaces. While the Department of Lands and Surveys doesn’t disclose sales by property type, historic patterns suggest residential units account for nearly half of all sales.
Regional Performance: Larnaca Leads the Charge
Larnaca saw a striking 44% rise in sales activity, fueled, in part, by geopolitical tensions in nearby regions that are driving foreign investor interest. Other districts also posted gains:
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Famagusta: +21%
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Paphos & Limassol: +13% each
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Nicosia: Modest 2% increase
In total, 8,729 property sales were recorded across Cyprus from January to June 2025, making it the second busiest half-year on record, surpassed only by 2007’s 10,258 deals.
Domestic Sales: Strong Growth Across Most Districts
Local buyers accounted for 63% of total transactions in June. All districts saw growth, except Nicosia, which declined by 2%. Key highlights include:
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Larnaca: +45%
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Limassol: +12%
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Paphos: +9%
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Famagusta: +8%
Overall, domestic property sales rose by 15% in the first half of 2025 compared to the same period in 2024.
Foreign Buyers: Rising Influence
International buyers made up 37% of total transactions in June, with activity increasing across all districts:
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Larnaca & Famagusta: +43% each
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Nicosia: +33%
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Paphos: +17%
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Limassol: +15%
So far this year, foreign sales have climbed 16% year-on-year, continuing to reshape the island’s real estate map.
EU Nationals: Expanding Market Share
EU buyers purchased 189 properties in June, making up 12% of all transactions, a 29% increase from June 2024. Regional breakdown:
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Nicosia: +136%
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Larnaca: +56%
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Limassol: +15%
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Famagusta: -8%
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Paphos: Unchanged
In the January–June 2025 period, EU buyer activity rose by 27%, with every district recording gains.
Non-EU Buyers: Holding Strong
Sales to non-EU nationals hit 387 in June, or 25% of all property deals, a 24% increase from the same month last year. Growth by district:
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Famagusta: +125%
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Larnaca: +38%
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Paphos: +25%
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Limassol: +15%
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Nicosia: -17%
Year to date, non-EU sales are up 12%, with all districts seeing annual growth.
Emerging Trends: New Hotspots, Shifting Preferences
One standout development is Paphos, where non-EU buyers outnumbered local purchasers during the first half of the year, solidifying its status as a go-to destination for foreign investors and holiday home seekers.
Meanwhile, Larnaca and Famagusta are attracting rising levels of international interest, possibly linked to geopolitical instability pushing investors to seek safer real estate havens.
Market Outlook
A comparison of contract filings from 2008 to 2025 reveals a property market in transition, fueled by foreign capital, shifting district dynamics, and evolving buyer profiles. As the real estate landscape continues to diversify, Cyprus stands out as a resilient and increasingly global investment destination.
Source: Cyprus Property News