The Cyprus real estate market closed 2025 on a strong positive note. According to the Land Department, property sales in December 2025 increased by 24% compared to December 2024. This surge enabled the country to record its most successful year in terms of transaction volume since the peak of 2007, and the third-best result since statistics began in 2000.
In total, 7,255 property sale transactions were registered in 2025, second only to 2006 with 8,355 sales and the record year 2007 with 11,281 transactions. These figures confirm a steady recovery and growth of the market following a prolonged period of correction.
Demand Structure: Local and Foreign Buyers
In December 2025, Cypriot buyers completed 1,007 transactions, accounting for 50.7% of all deals that month. Over the whole of 2025, domestic buyers were responsible for 10,859 sales, or 59.9% of the total market. Activity among local buyers in December rose by 20% year-on-year, while annual growth reached 13%.
Foreign demand continues to play a key role. Buyers from EU countries completed 222 transactions in December, representing 13.4% of the total. For the full year 2025, EU citizens filed 2,446 sale contracts, holding a 13.5% share. Sales to third-country nationals reached 430 transactions in December, or 25.9% of the total, and amounted to 4,809 deals for the year, equivalent to 26.5%.
Overall, foreign buyers accounted for 40.1% of all property sales in 2025. For comparison, since 2008 their average share has been 36.2%, and the 40% threshold had been exceeded in only six of the last 18 years—highlighting the exceptional nature of the current period.
Geography of Growth and the Impact of Foreign Capital
Statistics show that the market is increasingly shaped by international demand. This is particularly evident in Paphos, where buyers from third countries once again outnumbered local residents in terms of transactions, reinforcing the region’s status as one of the leading destinations for foreign investors and resort property buyers.
In December 2025, domestic market sales increased in all districts of the country. The strongest growth was recorded in Paphos at 58% and Larnaca at 34%. Nicosia rose by 13%, while Limassol and the free areas of Famagusta each grew by 10%. Limassol retained its leadership in absolute transaction numbers.
Foreign Demand Continues to Strengthen
Property sales to foreign buyers in December 2025 rose by 31% compared to December 2024. The most notable growth was seen in the free areas of Famagusta (+81%), followed by Larnaca (+57%) and Nicosia (+31%). For the whole of 2025, transactions with foreign buyers increased by 16% year-on-year, with growth recorded in all districts.
The EU citizen segment showed particularly dynamic development. In December, sales in this category grew by 35% year-on-year and accounted for 13.4% of total monthly transactions. Over the full year 2025, sales to EU citizens increased by 28% compared to the previous year.
Sales to buyers from third countries rose by 29% in December compared to December 2024, while annual growth reached 11%. This segment showed positive dynamics across all regions of Cyprus, confirming sustained interest in Cypriot real estate from non-EU investors.
Market Outlook
Experts note that the combination of a stable economy, demand for resort and investment properties, and continued interest from both EU and non-EU countries will continue to support the market in 2026. If current trends persist, Cyprus may come close to the historical highs of the mid-2000s—but on a more balanced and sustainable foundation.