Cyprus property sales rose 11.9 per cent in the first five months of 2026, continuing the market’s upward trend, although growth showed signs of slowing in May.
- Cyprus property sales rose 11.9 per cent in the first five months of 2026, continuing the market's upward trend, although growth showed signs of slowing in May.
Data from the Department of Lands and Surveys reveals that 8,043 sales documents were filed at district land registry offices from January to May, a significant increase from 7,185 in the same period of 2025. This surge indicates a robust recovery, with the current figures exceeding pre-pandemic levels by 66 per cent. In the first five months of 2019, only 4,846 sales documents were recorded.
Cyprus property: Limassol Leads the Market
Limassol has retained its position as the largest property market in absolute terms, with 2,537 sales recorded in the January-May period. This is up from 2,281 a year earlier and reflects an increase of 11.2 per cent year-on-year, as well as a remarkable 43.5 per cent rise since 2019.
Nicosia and Larnaca on the Rise
Nicosia followed closely with 1,749 sales documents filed, marking a 5.7 per cent increase from 2025 and more than double the pre-pandemic total of 868 in 2019. Meanwhile, Larnaca has shown one of the strongest recoveries, reaching 1,747 sales, up 12.4 per cent from 2025 and a staggering 160.7 per cent compared to 2019.
Paphos and Famagusta Show Strong Growth
Paphos reported the highest annual growth among districts, with sales rising 19 per cent to 1,631 from 1,371 in the same period last year. This represents a 34.7 per cent increase compared to 2019. Famagusta also experienced growth, with sales up 17 per cent year-on-year to 379, exceeding pre-pandemic levels by 15.2 per cent.
Mixed Results in May Sales
In May, property sales across Cyprus rose by 4.8 per cent, with 1,723 documents filed compared to 1,644 in May 2025. However, the month revealed a mixed picture. Gains in Limassol, Larnaca, and Paphos were somewhat offset by declines in Nicosia and Famagusta.
Limassol saw a marginal rise of 2 per cent, with 533 sales compared to 525 a year earlier. Larnaca performed strongly, with sales increasing by 14 per cent to 420 from 369 in May 2025. Paphos recorded the largest increase, soaring 24 per cent to 376, up from 304 last year.
In contrast, Nicosia experienced a downturn, with sales falling 12 per cent to 323 compared to 369 in May 2025. Famagusta also saw a decline, with sales dropping 8 per cent to 71 from 77 in the previous year.
