Cyprus Real Estate market is experiencing an impressive upturn. From January to July of this year, sales reached a record high not seen in 17 years. According to official statistics, 10,561 sales were registered during this period, the best result since 2007, before the global financial crisis. For comparison, there were 10,152 transactions in 2008 and 9,210 in 2024.
This sharp increase indicates sustained interest from local residents and foreign investors alike, testifying to restored confidence in Cypriot real estate and the island's economic stability.
Growth geography: where real estate is in highest demand
Positive dynamics were recorded in all regions of Cyprus from January to July 2025. The most active regions in terms of transactions were:
- Limassol, where 3,304 properties were sold and it retained its position as the leading city in Cyprus. Compared to last year, growth was 11.9%.
- Nicosia experienced substantial growth, rising from 2,072 sales in 2024 to 2,432 in 2025 — a 17.4% increase.
- Larnaca showed similar growth, increasing from 1,994 to 2,343 transactions (17.5%). It remains one of the most promising destinations for investment.
- Paphos saw a 12.1% increase in sales, with 1,995 properties sold.
- The free areas of Famagusta experienced the highest growth percentage of 18.5%, indicating a resurgence of interest in this coastal region.
July results: growth amid stability
July 2025 was also a successful month for the Cypriot real estate market. A total of 1,832 transactions were registered this month, which is an 11% increase from July 2024 (1,657 transactions).
The largest annual increase was in Nicosia, with 422 sales (+36%). This was followed by Paphos, with 342 transactions (+16%); the free areas of Famagusta, with 94 transactions (+13%); and Limassol, with 579 transactions (+5%). Larnaca was the only exception in July, with a slight decline in activity: 395 transactions compared to 418 a year earlier (-6%). At the same time, the overall figures for the seven-month period were at a historically high level.
The market is strengthening and returning to pre-crisis levels
Current data indicate that the Cyprus real estate market is returning to levels not seen since 2007. This is particularly significant given the prolonged recovery period following the 2008 global financial crisis. In 2025, the number of transactions exceeded the 2008 pre-crisis figures, emphasizing that the market has not only recovered but also reached a qualitatively new level.
Demand is supported by domestic activity and growing interest from foreign investors who see Cyprus as a stable and promising place to buy real estate, live, rent, and do business.