The Cyprus real estate market demonstrated impressive resilience in the first half of 2025. According to data from the Council of Real Estate Agents referring to the Department of Lands and Surveys (DLS), 8,729 sale and purchase documents were filed between January and June — a 16% increase compared to the same period in 2024. The total value of these transactions was €2.3 billion, reflecting high demand from foreign and local buyers alike.
Buyer activity and market flexibility
Council President Marinos Kinegiro noted that strong buyer interest remains primarily in the residential segment. In response to growing demand, developers and sellers are adjusting their offerings, helping to maintain controlled prices. This market flexibility enables Cyprus to remain competitive and attractive, particularly to those seeking reliable investments, stable rental income, or planning to relocate to the island.
Geography of Transactions
The highest activity from January to June of 2025 was recorded in Limassol, which saw the highest transaction value, exceeding €809 million, as well as the highest number of sales documents submitted, at 2,725. The city continues to attract investors thanks to its developed infrastructure, prestigious residential complexes, and high economic growth rates.
Paphos continues to show steady growth, with property transfers totaling €485 million during the period under review, and a 20% increase in the number of documents submitted, reaching 1,653. The region consistently attracts investors in tourist rentals and individuals considering Paphos for permanent residence.
Larnaca had the most dynamic market in terms of growth. The number of transactions increased 24% year-over-year to 1,948, and the total value of transfers was €324 million.
This growth is due to ongoing development of the coastal area, infrastructure upgrades, and increased interest in mid-range residential properties. Nicosia recorded the highest number of transactions (2,859), and the total value of transactions reached €554.8 million. Stable demand in the capital is supported by the local population and the development of commercial real estate.
Finally, Famagusta's free areas showed steady growth despite their smaller market size, with a transfer value of €104.6 million and an 11% increase in transactions. The main interest in this region is related to purchasing holiday homes and summer rentals.
Investment prospects for Cyprus in 2025
The growth in the number of transactions, high buyer activity, and positive market dynamics allow us to confidently predict favorable prospects for the Cypriot real estate market. The country remains attractive to foreign investors thanks to its favorable tax system, EU membership, high quality of life, and stable legal framework. Against the backdrop of limited supply in other popular European destinations, Cyprus is becoming an increasingly attractive option for short-term investments and for purchasing real estate for permanent residence or rental income.
If current trends continue, 2025 could be one of the strongest years for the island's real estate market in the last decade.