Cyprus’s real estate market registered its first slowdown of the year in August 2025, with property sales dipping slightly compared to the same month in 2024. However, the overall performance for the first eight months of the year remains firmly positive, underlining the sector’s resilience and steady upward trajectory.

According to data from the Department of Lands and Surveys, a total of 1,128 property sale contracts were filed in August, almost unchanged from 1,135 a year earlier, marking a marginal decline of 1 percent. This downturn was largely driven by lower sales in most districts, though Limassol bucked the trend with a significant 20 percent rise in transactions.

Limassol continues to dominate the property market, recording 416 sales in August compared to 346 in the same month last year. By contrast, other districts reported declines: Nicosia (-7 percent), Paphos (-6 percent), Larnaca (-9 percent), and Famagusta (-30 percent).

Despite the August dip, cumulative sales from January to August 2025 tell a different story. Nationwide, 11,689 contracts were submitted, up 13 percent from 10,345 during the same period in 2024. All districts saw increases in the eight-month period: Limassol (+13 percent, 3,720 sales), Nicosia (+15 percent, 2,640), Larnaca (+15 percent, 2,564), Paphos (+10 percent, 2,218), and Famagusta (+10 percent, 547).

July and June had shown robust double-digit growth of 11 percent and 17 percent respectively, suggesting that the August slowdown is more of a temporary adjustment than a reversal of trends.