cyprus real — The Cyprus real estate market has demonstrated remarkable resilience, with sales surging 15% in 2025, resulting in a total value of property transfers exceeding €4.7 billion. According to the Real Estate Agents Registration Council, this growth reflects a robust demand for real estate across the island.
Cyprus real: Strong Sales Growth and Increased Transactions
From January to December 2025, 18,114 sales documents were filed, a notable rise from 15,797 in 2024. While the volume of transfers saw a marginal increase of 0.77%, the total value of these transactions rose by approximately 10%, indicating a shift towards higher-value assets being sold.
Market Resilience Amid Global Challenges
Marinos Kineyirou, president of the Real Estate Agents Registration Council, highlighted the year as a testament to the sector’s resilience. “The picture of 2025 is the clearest proof of the resilience and attractiveness of the real estate sector,” he stated, noting that the market has effectively absorbed shocks from the international environment.
Nicosia Leads the Charge
Nicosia has experienced particularly strong growth, with the value of property transfers surpassing the €1 billion mark, reaching €1.1 billion in 2025, compared to €950 million the previous year. The number of transfers also increased significantly to 5,917 from 5,395, reflecting a growing interest in new properties.
Limassol Maintains Its Dominance
In Limassol, the market retained its leading position concerning transaction value, with transfer values climbing to €1.7 billion from €1.5 billion. Interestingly, the number of transfers slightly dipped to 4,940 from 5,054, suggesting a trend towards fewer but more lucrative deals. Demand for new properties surged, as evidenced by the increase in sales documents from 5,032 to 5,563.
Paphos and Larnaca Show Steady Growth
Paphos also saw an uptick in sales documents, rising to 3,567 in 2025 from 3,107 in 2024, although transfer values decreased slightly to €968.8 million from €983 million. In Larnaca, the value of transfers rose to €698.5 million from €637 million, with transaction volumes also increasing from 3,775 to 3,855.
Looking Ahead: Challenges and Opportunities
Kineyirou noted that while the current momentum is promising, 2026 is anticipated to be a period of stabilisation, with a pressing concern being the affordability of housing. Rising prices are making it increasingly difficult for households to acquire their own homes, a challenge that will need to be addressed to sustain market growth.
Famagusta’s Positive Trends
Famagusta reported a slight decrease in the number of transactions, standing at 1,177 compared to 1,204 in 2024. However, the total value of these transactions increased to €236.6 million from €214 million, supported by an increase in sales documents from 775 to 891.
