During the year, 25,600 transactions were executed (+4% compared to last year). The average monthly turnover of transactions rose to 543 million euros.
The favorable macroeconomic environment contributed to the success of the market: Cyprus' GDP grew by 3.8%, while inflation slowed sharply to 0.8%. The report, however, notes that forecasts for 2026 were made before the outbreak of the conflict in the Middle East, which now introduces an element of uncertainty.
An increase in transaction turnover was recorded in almost all regions:
- Famagusta by 27%.
- Pathos increased by 17%.
- Nicosia and Larnaca by 15%.
Limassol became the only region with a slight decline (-3%), but at the same time retained 41% of the total market volume in value terms.
In terms of the number of transactions, Nicosia and Limassol added the most (28% each), followed by Larnaca and Paphos.
The residential sector remained the main driving force, providing 4.5 billion euros, or 69% of the total market. In total, about 15,900 houses and apartments were sold (+7% by 2024).
Apartments have become the main growth factor. They accounted for 42% of the total value and 43% of the total number of transactions. It was the apartment segment that provided 60% of the total cost increase in 2025.
Demand from foreign buyers has significantly strengthened: the number of properties purchased by non-residents has increased by 16% up to 7,255. Now foreigners make about 28% of all transactions (25% a year earlier). Moreover, 66% of purchases by foreigners are made by non-EU citizens.
The largest increase in interest from foreign investors was recorded in Nicosia and Famagusta (+20% each), while Paphos and Limassol became the leaders in the concentration of transactions (together 60% of all foreign transactions).
The luxury housing market also shows stability: 203 transactions with properties over 1.5 million euros were completed during the year. Their total cost was 550 million euros (8% of the total market). Limassol is still the leader in this segment, although its share has decreased slightly due to increased Pathos (the share of which has grown to 28%).
Residential property price Index increased by 5% This is a trend related to steady demand and rising construction costs. At the same time, activity in the construction sector remained high: the number of new building permits increased by 9% (January-October 2025), and their total cost increased by 28%, indicating a transition to higher-quality and more expensive projects.
The index of the cost of building materials went up again, adding 1.3%.
Source: Cyprus Mail
