The Cyprus property market displayed remarkable resilience and growth in the first half of 2025, with a 16% year-on-year increase in the number of sale contracts filed across the country. According to the Council for Registration of Real Estate Agents, this performance reflects a strong and sustained demand, despite a volatile geopolitical and economic backdrop.

Based on data from the Department of Lands and Surveys, compiled and presented quarterly by the Council, a total of 8,729 sale contracts were submitted between January and June 2025—up from 7,553 during the same period in 2024.

As for property transfers, the volume saw a slight increase of 0.5%, while their total value jumped significantly by around 10%, reaching €2.3 billion.

“Despite considerable geopolitical uncertainties and overall instability in the external environment, especially in Q2, the real estate market maintained its momentum, continued expanding, and achieved notable results,” said Marinos Kinaigirou, President of the Council.

He also noted that buying interest remains strong, with available supply aligning well with market needs—helping stabilize prices.

“Assuming no unforeseen developments, 2025 is expected to be another very strong year for the Cypriot property market,” he added.

Limassol emerged as the powerhouse of the property market, leading both in total transfer value and number of sale contracts. The district recorded a transfer value of €809.3 million and 2,725 sale contracts. Transfer volume reached 2,466, confirming Limassol’s appeal among investors. Sale contract volume rose 13% year-on-year.

Nicosia saw the highest number of property transfers at 2,859, with a total value of €554.8 million. The capital also recorded 2,010 sale contracts, reflecting steady local demand, particularly from Cypriot buyers. Sale contracts increased by 14% compared to the first half of 2024.

Larnaca demonstrated dynamic growth, with transfer value reaching €324 million and 1,822 transactions. It recorded 1,948 sale contracts—the largest year-on-year increase (24%) among all districts—underlining its rising development and investment interest.

Paphos continued its steady upward trend, posting a transfer value of €485 million from 1,736 transactions. Sale contracts rose by 20% to 1,653, highlighting the district’s enduring popularity for both permanent residences and holiday investments.

Famagusta (free area), while showing smaller figures compared to the major districts, reflected ongoing interest—particularly in vacation properties. It recorded €104.6 million in transfers across 534 transactions and 393 sale contracts. Notably, sale contracts rose by 11% compared to H1 2024.