During the first four months of 2026, a total of 4,312 mortgage loans were registered in Cyprus with a combined value of €1.35 billion, compared to 3,867 mortgages worth €1.14 billion during the same period a year earlier. This represents increases of 11.5% and 18.6%, respectively. Market experts attribute this growth to strong demand for housing, investment activity by foreign buyers, and the continued expansion of Cyprus’s construction sector.
How the Mortgage Market Changed Month by Month
According to the statistics, March was the most active month in terms of the number of mortgages registered, while January recorded the lowest figures. In January, 953 mortgages were registered with a total value of €415,043,426, compared to 796 mortgages worth €192,520,828 a year earlier. Such a sharp increase in transaction value indicates growing interest in higher-priced properties and investment projects. In February, 1,024 mortgages were registered with a total value of €249,408,544, compared to 936 mortgages worth €230,231,225 during the same month last year.
Market activity continued to grow in March. A total of 1,279 mortgages worth €361,123,958 were registered during the month. In March of the previous year, 1,076 mortgages with a combined value of €283,647,674 were recorded.
In April, 1,056 properties were mortgaged in Cyprus with a total value of €327,015,108. By comparison, April of last year saw 1,059 mortgages registered with a total value of €433,815,572. Despite a slight decline in the number of transactions, the market continues to maintain a high level of activity.
Nicosia Remains the Leading District for Mortgages
The largest number of mortgaged properties was registered in Nicosia, while the free areas of Famagusta once again recorded the lowest figures.
In the capital district, 1,750 property loans were registered with a total value of €360,798,072, compared to 1,583 mortgages worth €354,665,036 during the first four months of 2025. Nicosia continues to maintain its position as Cyprus’s largest centre for residential and commercial real estate.
In Limassol, 1,161 mortgages were registered with a total value of €568,524,980, compared to 938 mortgages worth €367,309,864 a year earlier. Limassol remains the island’s main investment hub due to strong demand from international businesses and foreign buyers.
In Larnaca, 645 property mortgages were registered with a total value of €130,716,475, compared to 673 mortgages worth €155,696,727 a year earlier. The market experienced a slight decline in activity, although demand for residential property remains stable thanks to ongoing infrastructure development and tourism growth.
In Paphos, 517 mortgages were registered with a total value of €191,547,005, compared to 423 mortgages worth €173,092,948 during the same period last year. The region continues to attract foreign investors and buyers of holiday properties.
In the free areas of Famagusta, 239 property mortgages were registered during the first four months of the year, with a total value of €101,004,504. A year earlier, the figures stood at 250 mortgages worth a combined €88,640,724.
Why Cyprus’s Property Market Continues to Grow
Analysts note that the Cyprus real estate market remains attractive due to steady demand from both local and international buyers. The sector is also supported by the growth of tourism, the relocation of international companies, and investor interest in property as a safe-haven asset.
In addition, Cyprus banks continue to offer competitive mortgage programmes in 2026 despite elevated interest rates across the eurozone. This helps sustain strong activity in both the residential and commercial property markets. Experts also emphasize that mortgage market performance in the coming months will depend on geopolitical developments in the Middle East, the policies of the European Central Bank, and inflation trends across the region.