September 2025 proved to be one of the most successful months for the Cypriot real estate market. According to the Department of Lands and Surveys, property sales across the country rose 15% compared to the same period last year.
A total of 1,484 sales contracts were registered in September 2025, up from 1,289 in September 2024.
After a slight decline in August (–1%), the market demonstrated strong recovery. The most significant increases were seen in Nicosia, Larnaca, and Paphos, where sales rose 18%, while Limassol recorded an 11% increase. Even in the free areas of Famagusta, sales grew by 7%, reflecting broad geographic buyer activity.
Nine-Month Results 2025: 13% Growth
From January to September 2025, Cyprus registered 13,173 transactions, compared to 11,634 in the same period last year, marking a 13% increase.
This demonstrates a stable market recovery following a period of uncertainty caused by rising interest rates and increasing construction costs.
For comparison, in 2024, there were 15,797 transactions nationwide, only 1% higher than in 2023. Thus, 2025 shows a significantly more dynamic trend, supported by domestic demand, foreign investment, and measures to speed up construction permit approvals.
Central Bank Notes Rising Housing Prices and Increased Construction
Positive trends are also confirmed by the Central Bank of Cyprus, which published the House Price Index for Q2 2025 on October 17. The index rose 4.7% year-on-year.
Apartment prices are increasing faster than house prices, reflecting growing demand for compact urban housing and a limited supply of new properties.
Data on construction permits, reflecting developer activity, also indicate increased construction activity from January to April 2025 compared to the same period in 2024. The European Commission noted in its June review that the construction sector’s business activity index has remained positive for seven consecutive quarters, indicating industry stability.
Residential Properties Remain the Market Leader
According to Landbank Analytics, the residential sector continues to be the main driver of sales.
In the first half of 2025, the total value of houses sold reached €190.3 million, reflecting strong demand for secondary market housing. There were 552 house sales, while apartment sales totaled about €185 million, with a higher number of transactions due to their more affordable prices.
Analysts also highlight the luxury property segment: the ten largest deals in May 2025 totaled €38.8 million, with the most expensive sale being a land plot in Engomi (Nicosia) valued at €12.5 million.
Outlook for 2026: Growth to Continue
Experts predict that Cyprus’s real estate market will continue moderate price growth and stable demand in 2026. Key factors include improved credit accessibility, high interest from foreign investors, and active development in regions outside major cities.
Analysts expect demand to increasingly focus on energy-efficient, modern residential complexes that meet EU sustainable construction standards. This trend is already being supported by developers and banks offering specialized “green” mortgage products.