June 2026 became a record-breaking month for Cyprus' property market. According to the Department of Lands and Surveys, the number of registered property sale contracts increased by 27% compared to June last year, reaching the highest monthly figure ever recorded.
A total of 1,964 sale contracts were registered during the month, compared to 1,544 in June 2025. This is the strongest June performance since records began in 2000. Experts attribute the surge to strong demand from both Cypriot buyers and foreign investors, who continue to invest heavily in the island's residential and commercial real estate.
Who Is Buying Property in Cyprus?
Cypriot citizens continue to account for the largest share of transactions. In June, local buyers completed 1,148 purchases, representing 58.5% of the market. At the same time, foreign demand remains exceptionally strong. Buyers from European Union countries purchased 297 properties, accounting for 15.1% of all registered sales, while buyers from non-EU countries completed 519 transactions, representing 26.4% of the market.
As a result, almost one in every two property transactions in Cyprus now involves a foreign buyer. Separate statistics for EU and non-EU purchasers have been maintained since 2018, providing a more detailed picture of market demand.
Demand Among Cypriot Buyers Continues to Grow
Compared to June last year, activity among local buyers increased noticeably. In June 2026, Cypriots purchased 1,148 properties, compared with 968 during the same month a year earlier, representing a 19% increase.
The strongest growth was recorded in Limassol, where purchases surged by 71%. Sales in Nicosia increased by 10%. Meanwhile, the number of transactions involving local buyers declined by 18% in Paphos, 13% in the free Famagusta district, and 10% in Larnaca. During the first six months of 2026, Cypriots registered 5,856 property sale contracts, up 10% from 5,341 during the same period last year. Growth was recorded across almost every region of the country, with the exception of Paphos.
EU Buyers Are Returning to the Market
Buyers from European Union countries recorded particularly impressive growth. They completed 297 transactions in June, compared with 186 a year earlier—an increase of 57%.
Paphos recorded the strongest growth, with purchases rising by 116%. Sales increased by 72% in Limassol, 67% in the free Famagusta district, 19% in Larnaca, and 15% in Nicosia.
During the first half of the year, EU citizens purchased 1,410 properties, up 29% from 1,097 transactions during the same period last year. European buyers remained particularly active in Paphos, where demand increased by 55%. Sales also rose by 28% in Larnaca, 18% in Nicosia, 11% in Limassol, and 3% in the free Famagusta district.
Non-EU Investors Continue to Show Strong Demand
Buyers from outside the European Union also remained highly active. In June, they completed 519 transactions compared with 387 a year earlier, representing growth of 34%. Paphos once again recorded the strongest increase, with sales rising by 45%. Transactions increased by 42% in Limassol, 29% in Larnaca, and 8% in Nicosia. The only region to record a decline was the free Famagusta district, where sales fell by 22%.
Between January and June, non-EU citizens purchased 1,821 properties, an increase of 21% compared with 1,499 transactions during the same period last year. Every region of Cyprus recorded growth: Paphos rose by 22%, Limassol by 21%, the free Famagusta district by 20%, Larnaca by 17%, and Nicosia by 16%.
Why Foreign Buyers Continue to Choose Cyprus
The latest figures confirm that overseas buyers remain one of the main driving forces behind Cyprus' property market. During the first half of 2026, buyers from both EU and non-EU countries accounted for 41.6% of all property transactions on the island.
Paphos stands out in particular. It is the only district where foreign buyers purchase more properties than Cypriot citizens. In fact, the combined number of purchases by EU and non-EU buyers is more than double the number of transactions completed by local residents.
Analysts attribute the sustained demand to Cyprus' attractive investment environment, high level of safety, stable economy, favourable tax regime, and growing interest in relocating to the island among European families, entrepreneurs, and high-net-worth investors. Strong rental demand also continues to make property purchases attractive both for personal use and as a source of stable investment income.
According to experts, if the current momentum continues, 2026 could become one of the most successful years for Cyprus' property market in decades, with foreign demand continuing to play a crucial role in the sector's growth.