Property transactions in Cyprus have seen an impressive 11 per cent increase at the beginning of 2026, driven largely by a surge in sales in Paphos. According to data from the Department of Lands and Surveys, 1,411 properties were sold in January, compared to 1,275 in the same month last year.
Property transactions: Strong Growth Following Previous Year
This upward trend follows a robust annual increase of 24 per cent recorded in December 2025, as well as a 9 per cent rise in November. The consistent growth in property sales signals a healthy recovery in the market, reflecting a renewed interest in Cypriot real estate.
Paphos: The Star Performer
Paphos emerged as the standout district, showcasing a remarkable 25 per cent increase in transactions. A total of 318 properties were sold in January, up from 255 in January 2025. This substantial growth highlights Paphos’s appeal to both local and international buyers, positioning it as a prime location for property investment.
Notable Increases in Other Districts
Other regions also experienced significant gains. The free Famagusta area reported a 23 per cent increase, with 69 sales compared to 56 the previous year. This reflects a growing interest in the area, which is known for its beautiful coastline and vibrant communities.
Larnaca, another important district, maintained steady growth with an 11 per cent increase, resulting in 288 sales compared to 259 in January 2025. This consistent performance reinforces Larnaca’s reputation as a desirable destination for property buyers.
Measured Growth in Nicosia and Limassol
In contrast, Nicosia’s growth was more subdued, with a 5 per cent rise in transactions. The capital saw 291 properties sold, up from 276 a year earlier. Meanwhile, Limassol, which continues to hold the title for the highest number of sales in Cyprus, recorded a modest 4 per cent increase with 445 transactions, up from 429 in January 2025.
2025: A Record Year for Property Sales
The performance in January 2026 builds on a strong foundation laid in 2025, when total sales reached their highest level since 2007. The year closed with 18,114 units sold, marking a 15 per cent increase from the 15,797 properties sold in 2024. This upward trajectory indicates a robust recovery in the Cypriot property market, attracting both domestic and foreign buyers.
Market Dynamics and Future Outlook
Experts suggest that the ongoing growth in property transactions can be attributed to several factors, including favourable economic conditions, attractive property prices, and a steady influx of foreign investment. The diverse offerings across various districts cater to a wide range of buyer preferences, further stimulating interest in the market.
As the year progresses, it will be essential to monitor the trends in property sales, particularly in key districts like Paphos, Larnaca, and Limassol. Continued growth in these areas could lead to further development and investment opportunities in the Cypriot real estate market.
