The Cyprus real estate market rebounded strongly in September with a 15% year-on-year increase in property sales, following a minor dip in August. The robust performance, driven by both domestic and foreign buyers, keeps the market on track for its most active year since before the 2007 financial crisis, according to official figures from the Department of Lands and Surveys.
Broad-Based Growth Across Buyer Segments
A total of 1,289 sale contracts were deposited at Land Registry offices in September, with both major buyer segments showing strong growth.
- Domestic buyers were particularly active, with sales rising by 17% to 888 contracts. Growth was seen in four of the five districts, with Paphos leading the way with a 42% surge in local sales.
- The overseas market also remained buoyant, with sales to international purchasers climbing by 12% to 596 contracts. This growth was seen across all districts, with both EU and non-EU nationals contributing to the increase.
Year-to-Date Performance Confirms Strong Market
The September figures reinforce a positive trend for the year. For the first nine months of 2025, total property sales are up 13% compared to the same period in 2024.
This sustained increase highlights ongoing confidence in the market, with domestic sales up 13% and foreign sales up 14% for the year so far. All districts have reported growth in 2025.
An Evolving Investment Landscape
The data continues to show an evolving market shaped by international demand. Paphos remains a preferred destination for non-EU buyers, who once again outnumbered local purchasers in the district in September.
Meanwhile, rising activity in Larnaca and Famagusta suggests that foreign investment is spreading to new areas, driven in part by regional dynamics in the eastern Mediterranean.
Source: Cyprus Property News