Cyprus’ property sector continued its upward trajectory in the first six months of 2025, with total real estate transactions reaching €2.3 billion, according to recent data published by the Real Estate Agents Registration Council of Cyprus.
Figures from the Department of Lands and Surveys show that 8,729 sale contracts were submitted between January and June 2025—reflecting a 16% increase compared to the same period in 2024, when 7,553 contracts were recorded.
At the same time, the value of completed property transfers saw a year-on-year increase of approximately 10%, even though the overall number of transfers saw only a slight rise of 0.5%, totalling 9,417 transactions.
President of the Real Estate Council, Marinos Kinaigirou, emphasized the market’s ability to maintain momentum despite global economic uncertainty and geopolitical instability, particularly during the second quarter of the year. He noted that residential demand remains particularly strong, contributing to price stability, and expressed optimism for the remainder of the year—provided that no unforeseen global developments occur.
Regional Market Breakdown
Limassol Remains the Market Leader
Limassol continued to dominate the national real estate landscape in terms of both value and volume. The district recorded property transfers worth €809.3 million from 2,466 transactions and saw 2,725 sale contracts filed, representing a 13% increase compared to the same period in 2024.
Nicosia Records Highest Volume of Transfers
Nicosia followed with the highest number of property transfers at 2,859, with a combined value of €554.8 million. Sale contracts in the capital reached 2,010—an increase of 14% from the first half of 2024—largely driven by domestic buyers interested in permanent residences.
Larnaca Sees Strongest Growth
Larnaca stood out as the fastest-growing district in terms of sale contract activity. The region saw a 24% rise in contract filings, reaching 1,948. Property transfers in Larnaca totaled 1,822, with a combined value of €324 million, signaling increasing interest from both local and international investors.
Paphos Continues to Appeal to Buyers
Paphos, a consistent favorite among both residential and holiday home buyers, reported 1,653 sale contracts—a 20% increase year-on-year. The district also recorded 1,736 property transfers, with a total value of €485 million.
Famagusta Maintains Steady Performance
Famagusta, while posting lower absolute figures, remained on a positive growth path. The district recorded 534 transfers and 393 sale contracts, an 11% rise from the same period last year, with a total transaction value of €104.6 million.
Overall, the Cypriot real estate market demonstrated robust growth in the first half of 2025, driven by sustained demand—particularly in the residential segment—and strong regional performances across the island.
Source: Cyprus Property News