The Cyprus property market keeps growing

From January to August, 13,288 property sales contracts were concluded in Cyprus, 13.7% more than in the same period of 2025. Growth has been recorded for the eighth month in a row: August saw 1,241 transactions, 10% more than a year earlier.

The picture by district is uneven. In August, Larnaca led the growth with 299 transactions (+35.3% year on year), Paphos added 19.7% and Nicosia 8.2%. Limassol, however, showed a decline for the first time this year: 395 transactions in August, 5% fewer than a year earlier.

Even so, over the eight months it was Limassol and Paphos that delivered about two thirds of the country's total growth: Limassol with 4,354 transactions (+17%) and Paphos with 2,654 (about +20%, the best result among the districts). Limassol still accounts for about a third of all transactions on the island and around 40% of the total value: €1.084 bn out of €2.70 bn over seven months.

The data is published by the real estate company BuySell, based on statistics from the Department of Lands and Surveys and the Central Bank of Cyprus.

Demand from foreign buyers continues to grow faster than the market as a whole: over seven months there were 4,980 transactions involving them (+20.3% year on year), and their share rose to 41.3% against 39.2% a year earlier. July saw a record of 829 transactions with foreign buyers in a single month. Two thirds of foreign demand still comes from buyers from outside the EU.

The foreign presence is strongest in Paphos (almost 70% of transactions in the district), and that is where growth is currently fastest. In Limassol, by comparison, the share of foreign transactions is about 36.5%.

Prices continue to rise following demand: apartments rose in price by 10.8% over the year, houses by 3%. At the same time the mortgage market is becoming more conservative: 89.1% of new housing loans are now issued at a fixed rate (in 2022 the share of variable rates was close to 100%).

• If you are considering a purchase in Limassol , the market remains the largest and most expensive on the island, but the pace of growth has slowed for the first time in a year: this may be a better moment to negotiate on price.
• If you are interested in Paphos or Larnaca , they currently have the strongest demand and price momentum on the island, especially among foreign buyers.
• If property is part of your immigration strategy , the rise in apartment prices (+10.8% over the year) should be factored in when planning a budget against the thresholds of current programmes.
• If you are planning a mortgage , fixed-rate loans currently dominate the market; compare the terms in advance, before choosing a property.

We support property transactions in Cyprus at every stage, from checking the property and structuring the purchase to the subsequent registration of status.