The Cypriot real estate sector continues to show impressive strength, with property sales and transfers surging during the first nine months of 2025. According to data from the Department of Lands and Surveys, processed by the Council for the Registration of Real Estate Agents, a total of 13,173 sale contracts were filed between January and September — a 13% increase compared to 11,634 during the same period in 2024.

The total value of property transfers reached €3.49 billion, up by 12.6% year-on-year, despite only a marginal 0.74% increase in volume. These figures highlight a market not only expanding in activity but also in transaction value, suggesting a strong influx of high-value investments.

Council president Marinos Kineyirou said the results clearly demonstrate that the property market “is experiencing a period of strong and qualitative growth, acting as a key pillar of resilience for the economy.” He added that the continued double-digit growth in sale contracts reflects sustained demand from both local and foreign buyers, ensuring steady market activity in the coming months.

“The 12.6% rise in the value of transfers to almost €3.5 billion shows that Cyprus continues to attract strategic, high-value investments. Combined with ongoing market stability, this confirms that 2025 will be another strong year for the real estate sector,” Kineyirou noted.

Limassol solidified its position as the engine of the Cyprus property market, recording the highest transaction value at €1.3 billion — nearly 37% of the total nationwide. It also maintained the top spot in sale contracts with 4,156, marking a 13% annual increase. The city’s performance signals the continued flow of major development projects, particularly in high-end residential and commercial properties.

The capital, Nicosia, recorded the largest number of property transfers (4,293) and the second-highest number of sale contracts (2,991), trailing only Limassol. Both Nicosia and Larnaca saw the strongest percentage growth in sale contracts at 15% year-on-year.

In Nicosia, demand is driven mainly by local buyers seeking permanent homes, with the total value of transfers reaching €812.8 million.

Larnaca continued its upward momentum, with 2,869 sale contracts and 2,789 property transfers, worth €503.6 million. The steady rise in both transaction numbers and values signals growing buyer confidence and expanding development potential in the city and surrounding areas.

Paphos remains a prime destination for foreign buyers, ranking third in total transaction value with €708.3 million. The area’s balanced mix of residential, tourism, and strategic investment properties underlines its continued stability and appeal.

Meanwhile, the free area of Famagusta, though the smallest market in volume and value (€158.3 million), still posted a 10% increase in sale contracts, reflecting consistent interest in tourism-related real estate investments.