Property sales in Cyprus accelerated noticeably in March 2026. According to the Land Department, the number of sale transactions increased by 18% compared to March 2025 — from 1,491 to 1,761. This is even higher than the growth seen in January and February, which stood at 11% and 12% respectively. In other words, the market is not just growing — it is gaining momentum month by month. The dynamics over the first quarter are impressive: January recorded 1,411 transactions, February — 1,537, and March surged to 1,761.
Foreign buyers keep pace: nearly 42% of all purchases
Overseas buyers traditionally play a key role in the Cypriot market. In March 2026, they accounted for 732 sale transactions. A year earlier, this figure stood at 607. The share of foreign buyers increased from 40.7% to 41.6% of the total number of transactions. Over the entire first quarter, foreigners purchased 2,044 properties compared to 1,671 during the same period in 2025. Experts link this activity to the “golden visa” program and growing interest in Cyprus as a safe place to live and invest, especially amid instability in the Middle East. Notably, the regional crisis itself has not yet affected the sector — demand remains high.
Famagusta free areas — absolute leader of March
The most impressive growth in March was recorded in the free areas of Famagusta. The number of transactions there soared by 59% — from 63 to 100. This is logical: a resort region with cities such as Ayia Napa and Paralimni attracts investors with its beaches and relatively lower prices compared to Limassol. Nicosia came in second place with a 30% increase (from 341 to 442 transactions). The capital region is gaining momentum thanks to domestic demand and affordable mortgages. Limassol, which for many years has been the engine of the market, showed a modest growth by its standards of 20% — from 477 to 572 transactions. Larnaca increased by 16% (from 316 to 365). Meanwhile, Paphos was the only district where sales declined by 4%, from 294 to 282. This may be due to market saturation or a shift in demand to neighboring regions.
Quarter results: overall picture remains positive
Looking at the results of the first quarter as a whole (January–March 2026), property sales across Cyprus increased by 14% — from 4,137 to 4,709 transactions. The leader in quarterly growth was again the free areas of Famagusta, with a 36% increase (from 171 to 232). Limassol grew by 16% (from 1,292 to 1,499), Nicosia by 14% (from 935 to 1,065), Paphos by 11% (from 827 to 919), while Larnaca closed the list with a 9% increase (from 912 to 994). Notably, even the most modest growth in Larnaca still represents a solid gain. The market is performing strongly. Analysts predict that if the trend continues, Cyprus may break its record for the number of real estate transactions set in pre-pandemic 2019. This is especially likely if foreign demand remains strong and domestic demand is supported by affordable mortgages and government subsidy programs for young families.