In September 2026, 1,681 property sale contracts were signed in Cyprus — the best result for the month since records began in 2000. According to the Land Registry, sales increased by 13% year over year. Most districts of Cyprus recorded positive growth. Limassol remained the leader in the number of transactions in September, while Larnaca posted the strongest annual increase. In more detail:
- Limassol — 506 contracts compared with 436 a year earlier, up 16%;
- Larnaca — 393 compared with 305, up 29%;
- Paphos — 345 compared with 313, up 10%;
- Nicosia — 374 compared with 351, up 7%.
Interestingly, the free areas of Famagusta were the only region of Cyprus where sales declined in September, falling by 20% to 63 contracts from 79 a year earlier. Moreover, this was already the fourth consecutive month in which the district recorded a year-over-year decline.
Limassol remains the market leader in 2026
Looking at the period from January through September, the Cyprus property market appears even stronger. During the first 9 months of 2026, 14,969 contracts were registered with district Land Registry offices. During the same period in 2025, the figure stood at 13,173, meaning the market grew by 14%. By city, the figures were as follows:
- Limassol — 4,860 contracts compared with 4,156 in January–September 2025;
- Larnaca — 3,291 compared with 2,869;
- Nicosia — 3,163 compared with 2,991;
- Paphos — 2,999 compared with 2,531;
- free areas of Famagusta — 656 compared with 626.
Limassol therefore retains its position as Cyprus’s largest property market by number of contracts. It accounted for roughly one-third of all transactions during the first 9 months of the year. At the same time, a high number of transactions does not mean property prices are the same across all districts.
What is happening with prices and what to expect from the market
The increase in the number of transactions has been accompanied by rising property prices. According to the Central Bank of Cyprus, the overall Residential Property Price Index increased by 8.5% year over year in the second quarter of 2026. Apartment prices rose by 8.9%, while house prices increased by 5.8%. Prices rose in all districts, although the pace differed. The most noticeable growth has been seen in the apartment segment. According to RICS and KPMG, apartment prices in Cyprus increased by 5.42% year over year in the second quarter of 2026. Larnaca led quarterly growth, with apartment prices rising by 5.59% and house prices by 4.48%.
The new housing market also remains active. In the first half of 2026, 3,594 new apartments and houses under construction were sold in Cyprus for a total value of €1.149 billion. Limassol led in terms of transaction value, with 1,050 sales generating around €435 million.
Overall, September’s statistics confirm sustained demand for property in Cyprus. The 14,969 contracts recorded during the first 9 months of 2026 were already 14% higher than during the same period last year, while Limassol continues to be the main center of the market in terms of transaction volume and property values. At the same time, Larnaca is showing one of the fastest growth rates, while foreign demand is becoming an increasingly important factor for the island’s property market.