Cyprus continues to maintain its status as one of the most attractive real estate markets in Europe for foreign investors. According to data from the Land Department, during the first ten months of 2025, foreign buyers completed 3,469 property purchase transactions. Of these, 1,846 contracts were signed by citizens of non-European Union countries. This trend highlights sustained interest in Cypriot real estate, particularly from investors from the Middle East, Asia, and the United Kingdom, where demand remains strong even after the country’s exit from the EU.
Where Do Buyers Purchase Most Often?
From January to October, EU citizens were most active in Nicosia and the free areas of Famagusta, while buyers from third countries dominated transactions in the other cities. A closer look by city shows the following:
Paphos recorded 1,198 property transactions, including
545 with EU citizens
653 with investors from third countries
Limassol saw 860 transactions, including
367 with EU citizens
493 with investors from third countries
Larnaca registered 721 transactions, including
289 with EU citizens
432 with investors from third countries
Free areas of Famagusta recorded 211 transactions, including
110 with EU citizens
101 with investors from third countries
Nicosia accounted for 479 transactions, including
312 with EU citizens
167 with investors from third countries
Market Attractiveness and New Influencing Factors
Rising demand is driven by a stable economic environment, a favorable tax regime, and ongoing infrastructure development. In 2025, the market received an additional boost from the expansion of digital nomad programs, improved conditions for foreign companies, and growing investment activity in the technology and tourism sectors.
Larnaca, which is actively developing through the redevelopment of its port and tourism zone and its upcoming status as European Capital of Culture 2030, is also strengthening its position in the real estate market. Interest in long-term projects and mid-priced properties has increased sharply, making the city attractive not only to investors but also to permanent residents.
A Shift in Demand Trends
The fact that most transactions in coastal areas involve buyers from outside the EU points to continued global interest in Cyprus. Demand is particularly strong for apartments in new residential complexes, seaside villas, and properties suitable for year-round rental. Experts note that in 2026 the market may strengthen further due to an expected increase in tourist arrivals and the expansion of international air connections, factors that traditionally enhance the island’s investment appeal.