The Cypriot property market has concluded 2025 on an extraordinary high, recording its most successful year in nearly two decades. Following a massive 24% surge in sales this past December compared to the same month in 2024, the island has achieved its third-best year for real estate transactions since records began in 2000, surpassed only by the pre-crisis peaks of 2006 and 2007.
According to data compiled by the Department of Lands and Surveys and reported by Property News Cyprus, the year was characterized by a powerful return of both local and international demand.
A Market Driven by Global Interest
While domestic buyers remain the foundation of the market, overseas investors are exerting a growing influence. In 2025, international buyers (comprising both EU and non-EU citizens) accounted for 40.1% of all transactions—the highest share recorded in recent years.
2025 Annual Sales Breakdown:
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Total Transactions: Over 18,100 units.
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Domestic Market: 10,859 sales (59.9% share), up 13% year-on-year.
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Overseas Market: 7,255 sales total (3rd highest on record).
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Non-EU Buyers: 4,809 sales (26.5% share).
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EU Nationals: 2,446 sales (13.5% share).
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December 2025: The Year-End Sprint
The final month of the year saw an acceleration across almost every buyer category. A total of 1,659 sales were finalized in December alone.
| Buyer Category | December Sales | % of Monthly Total | Growth vs Dec ’24 |
| Cypriot (Domestic) | 1,007 | 60.7% | +20% |
| Non-EU Citizens | 430 | 25.9% | +29% |
| EU Nationals | 222 | 13.4% | +35% |
Regional Highlights: Paphos and Famagusta Lead Growth
The geographical distribution of these sales reveals shifting preferences among different buyer groups. Limassol maintained its reputation as the volume leader for local buyers, but other districts stole the spotlight in terms of growth percentages.
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Paphos: Remains the primary magnet for international investors. In this district, non-EU buyers actually outpaced local purchasers, solidifying its status as a global holiday-home and investment hub.
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Famagusta: Recorded the most explosive growth in the overseas sector during December, with a staggering 81% increase in foreign sales.
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Larnaca: Saw a phenomenal 125% spike in sales to EU nationals this December, reflecting its growing appeal for European retirees and remote workers.
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Nicosia: Continued to show steady, double-digit growth (13%) in the domestic sector, driven primarily by residents seeking permanent housing.
The Outlook for 2026
The 2025 performance suggests a resilient and increasingly mature market. While the 2007 peak was driven largely by speculative lending, current analysts point to a more “qualitative” growth, supported by strategic high-value investments and a significant increase in cash-based purchases. With the abolition of stamp duty and enhanced tax exemptions kicking in on January 1, 2026, the momentum is expected to carry forward into the new year.
Source: Property News Cyprus