The Cyprus real estate market continues to develop actively. According to official data from the Department of Lands and Surveys, the number of purchase and sale contracts in February increased by 11% compared with the same month of last year.
In total, 1,537 property purchase contracts were registered in February 2026, while in February 2025 this figure was 1,371. Thus, the current result is only 44 transactions less than the historical maximum for February, which was recorded in 2008 and amounted to 1,581 sales.
Market experts note that the steady demand confirms the attractiveness of Cypriot real estate both for local buyers and for foreign investors who consider the island a safe place for investing in housing and commercial properties.
Sales growth in all regions of the island
Positive dynamics in February were observed in all districts of Cyprus. Limassol became the leader in terms of growth rate, where the number of contracts increased from 389 in February 2025 to 482 in February 2026, which corresponds to a growth of 24%. This city continues to remain the main center of investment activity thanks to developed infrastructure, international business, and strong demand from foreigners.
Paphos also demonstrated strong results. Here the number of transactions increased from 280 to 319 (+25%). This region traditionally attracts buyers from Europe, especially those looking for property by the sea for living or renting out.
In the free areas of Famagusta, sales increased from 52 to 63 (+14%). This is primarily connected with the active development of the resort zones of Ayia Napa and Protaras.
Nicosia showed a moderate increase in the number of transactions — from 315 to 332 (+5%), which is explained by stable housing demand from local residents and employees of the public sector. In Larnaca, the market also showed positive dynamics: the number of contracts increased from 335 to 341, that is, by about 2%. At the same time, interest in the region is gradually increasing thanks to the modernization of the airport, the development of port infrastructure, and the construction of new residential complexes.
Results of the first months of 2026
Overall, during January and February 2026, a total of 2,948 property purchase and sale contracts were registered in Cyprus. This is 11% more than during the same period in 2025, when 2,646 transactions were completed. All regions of the island demonstrated positive dynamics, which indicates stable demand for real estate.
Experts link this trend to several factors. Cyprus remains an attractive destination for foreign investors, especially buyers from Europe and the Middle East. In addition, interest in seaside property and properties intended for rental is growing.
Possible impact of the geopolitical situation
Nevertheless, experts warn that the future dynamics of the market may depend on developments in the Middle East. The escalation of the conflict between Israel and Iran, as well as military tensions in the region, has already raised concerns among analysts.
Specialists believe that if the conflict escalates further, it could temporarily affect investment activity and tourism. At the same time, many investors view Cyprus as a relatively safe and stable jurisdiction within the European Union, which may, on the contrary, support demand for real estate.
Prospects for the housing market on the island
Despite external risks, the Cyprus real estate market continues to demonstrate resilience. Economic growth, infrastructure development, and constant interest from foreign buyers allow an optimistic forecast for 2026 to be maintained.
Experts expect that demand for seaside housing, apartments for long-term rental, and modern residential complexes in large cities will remain high. If the current trend continues, the market may approach the indicators of the pre-crisis years and set new records in the number of transactions.