According to the Department of Lands and Surveys, real estate transactions in Cyprus rose by 9% in November 2025 compared to the previous year. A total of 1,644 sale contracts were recorded across the island, up from 1,506 in November 2024. This growth follows a strong October, when the number of transactions also climbed significantly, reaching 1,638.
Which regions led the growth?
The regional picture remains uneven. Larnaca and Paphos once again showed solid increases in activity, with both cities recording 24% growth. A similar trend was seen in Nicosia, where the number of registered transactions rose by 20%, reaching 386 contracts. In the free areas of Famagusta, growth was more modest at just 3%, especially after a sharp 52% jump in October.
Limassol slows down amid overall market growth
The most notable exception is Limassol. The city recorded a decline in investor and buyer interest: registrations dropped by 14%, falling to 439 transactions compared with 511 a year earlier. Analysts attribute the slowdown to continued cooling in the premium housing market and an adjustment in demand following a period of rapid price increases. Nevertheless, forecasts for 2026 remain positive due to expected changes in tax regulations and expansions in mortgage programmes.
Results for the first eleven months and outlook for 2026
From January to November 2025, a total of 16,455 real estate sale contracts were signed in Cyprus — 14% more than during the same period last year. Nicosia saw transaction volume rise by 17%, Larnaca by 16%, Paphos by 14%, and the free areas of Famagusta by 13%. Even with November’s decline, Limassol still recorded approximately 10% annual growth.
For comparison, the total number of transactions registered in 2024 was 15,797 — only slightly higher than in 2023, highlighting the stronger performance of the market in 2025. Experts note that further growth will depend on changes in bank lending policies, ECB interest rate decisions, and increasing foreign investor interest in energy and infrastructure projects on the island.