The Cyprus property market achieved an impressive result in April 2026. According to the Department of Lands and Surveys, 1,611 sale contracts were registered during the month. This is 15% more than in April 2025, when 1,404 transactions were completed. The previous record had stood since April 2007, when 1,556 contracts were signed. The new result exceeded that figure by 55 transactions. This trend clearly demonstrates how active and confident the local residential and commercial property market has become.
Which property categories made the biggest contribution
The statistics cover all key market segments. This includes both residential properties, such as private houses and apartments, and commercial real estate. Among the latter, office premises, retail shops, and warehouse complexes were especially popular. Interest in land plots also increased, whether agricultural fields or plots intended for individual construction. As a result, the record sales are not a one-off spike, but a broad-based trend affecting almost every category of property.
Almost all districts of Cyprus recorded noticeable year-on-year growth. The strongest performance was seen in :contentReference[oaicite:0]{index=0}, where the number of transactions increased by 41%. :contentReference[oaicite:1]{index=1} ranked second with growth of 21%. :contentReference[oaicite:2]{index=2}, traditionally regarded as the centre of business and investment activity, recorded a 10% increase. In :contentReference[oaicite:3]{index=3}, growth was more modest at 2%, while the free areas of :contentReference[oaicite:4]{index=4} remained at the same level as the previous year. Nevertheless, the overall picture across the island remains highly positive, with no clear weak spots.
First-quarter results: four-month performance
Looking not only at April but at the entire period from January to April 2026, the picture is equally impressive. A total of 6,320 sale contracts were registered over the four months. This is 14.1% more than during the same period in 2025, when 5,541 transactions were completed. For comparison, during the same period in 2019, before the pandemic, Cypriot and foreign buyers signed 3,423 contracts. The current figure is therefore an astonishing 84.6% higher than the pre-pandemic level. It is clear that the market has not only recovered, but has reached an entirely new level of transaction volume.
Leaders in the Cyprus market
In absolute terms, Limassol remains the undisputed leader. During the first four months of 2026, 2,004 contracts were registered there. This is 14.1% more than in 2025, when 1,756 transactions were completed, and 64% more than in 2019, when 1,222 contracts were signed. Nicosia recorded 1,426 contracts, which is 10.9% more than a year earlier (1,286) and 117.7% more than in 2019 (655). Larnaca accounted for 1,327 contracts — up 12% from 2025 (1,185) and up 167% from 2019 (497). Notably, Larnaca is showing the strongest growth compared with pre-pandemic levels. Paphos increased by 17.6% compared with the previous year (1,067) and by 55.5% compared with 2019 (807), reaching 1,255 transactions. The free areas of Famagusta, although recording the lowest absolute volume (308 transactions), posted the highest annual percentage increase — 24.7% compared with 2025 (247) and 27.3% compared with 2019 (242).
What is behind these figures
Experts attribute this strong growth to several factors. First, geopolitical instability in neighbouring regions continues to attract affluent overseas buyers to Cyprus, who are seeking a safe haven for their investments. Second, domestic demand remains strong, supported by economic growth and rising household incomes. Third, the “golden visa” programme and other tax incentives for investors remain in place, encouraging the purchase of high-value properties. All signs suggest that the market is heading for an even busier season, as the peak of activity traditionally occurs in late spring and summer.