The Cyprus real estate market remained stable in August 2025, with sales across the country staying at last year's level, though some regions saw minor losses. This is the first month of the year when negative statistics have been recorded, but the decline was minimal, suggesting that the market is entering a stabilisation phase following a period of sustained growth.
Overall results for the country
According to data from the Land Department, 1,128 real estate purchase and sale transactions were registered in Cyprus in August 2025, compared to 1,135 a year earlier. The decline was only 1%.
At the same time, the number of contracts signed from January to August 2025 reached 11,689, which is 13% higher than in the same period of 2024, when the figure was 10,345. Thus, despite the local slowdown, the market continues to grow annually.
Limassol remains the main driver of the market
— Limassol remains the leader of the Cypriot real estate market and showed growth in August 2025, unlike other regions. The city registered 416 transactions, compared to 346 a year earlier — a 20% increase.
In the first eight months of 2025, 3,720 properties were sold in Limassol compared to 3,299 in the same period of 2024 — an increase of 13% (or 13%). These figures confirm the high demand for residential and commercial real estate in the city, which has long been a magnet for investors and foreign buyers.
Dynamics in Paphos and Larnaca
In August 2025, 223 deals were closed in Paphos, traditionally considered one of the most sought-after resort regions, compared to 236 a year earlier — a 6% drop. Nevertheless, 2,218 sales were registered in the first eight months of this year, compared to 2,016 in 2024 — a 10% increase.
A similar situation was recorded in Larnaca. In August, 221 sales transactions were concluded, a 9% decrease compared to 244 in August last year. However, from January to August 2025, 2,564 sales contracts were signed in the city, compared to 2,238 for the same period in 2024. This 15% growth confirms buyers' interest in Larnaca's real estate market, where infrastructure is undergoing significant development, particularly in relation to the airport expansion and coastal projects.
In the capital and the Free areas of Famagusta,
Despite a 7% decline in sales in August (208 transactions compared to 223 a year earlier), the overall figure for the eight months in Nicosia rose by 15%. From January to August, a total of 2,640 properties were sold in the capital, compared to 2,295 in 2024. This indicates a revival of the Nicosia market, where demand for long-term rental housing and commercial space has grown in recent years.
The free areas of Famagusta were among the worst performers in August, with the number of transactions falling by 30% — from 86 in 2024 to 60 in 2025. However, the situation was more optimistic in annual terms: 547 transactions were registered in the region from January to August, compared to 497 a year earlier — a 10% increase. This region of Cyprus remains attractive to buyers looking for secondary residences and holiday homes.
Market outlook
Experts note that the August slowdown is more likely due to seasonal factors and fluctuations in certain regions than to a real decline in demand. Cyprus continues to attract steady interest from foreign investors, particularly in Limassol and Larnaca, where new projects are being developed.
If the current trend continues, 2025 could see double-digit growth in transactions, further confirming Cyprus's status as one of the most stable and attractive real estate markets in the Mediterranean.