According to the Cyprus Department of Land Resources and BuySell Research, 13,288 purchase and sale agreements were concluded between January and August, 13.7% more than a year earlier. This is the best figure for eight months in the entire history of observations.
August, which is traditionally considered the quietest month on the Cypriot market, added 10% to last year's result of 1,241 contracts against 1,128 a year earlier. June was the leader in terms of growth rates (+27.2%), and July was the leader in absolute volume, breaking the 2,000 transaction mark for the first time this year. The only relatively weak month was May, which showed an increase of only 4.8%.
The main driving force in August turned out to be Larnaca: 299 contracts compared to 221 a year earlier, which provided an increase of 35.3% - the best monthly result among all districts in 2026. Paphos gained 19.7%, Nicosia 8.2%. The situation was different in Limassol, where sales for the first time this year decreased by 5.0%, to 395 contracts. Famagusta also sank by 8.3%, albeit on a small base of 55 transactions.
Despite this, Limassol retains the status of the absolute leader of the year: 4,354 agreements have been signed here since January, that is, about one in three on the island, and the region itself is 17.0% ahead of 2025. The fastest growing area in eight months was Paphos (+19.7%), while Nicosia closes the list with 5.6%.
Foreign buyers continue to strengthen their presence in the market. From January to July, they signed 4,980 contracts - 20.3% more than a year earlier, which amounted to 41.3% of the total volume against 39.2% for the same period in 2025. July alone yielded a record 829 foreign contracts. For the first time in years, buyers from the EU grew faster than buyers from non-EU countries (+23.0% versus +18.9%), although the latter still provide two thirds of foreign demand. The geography is extremely unevenly distributed: in Paphos, foreigners signed 69.8% of all contracts in the area, in Larnaca and Famagusta about 46%, in Limassol 36.5%, and in Nicosia only 15.9%.
Source: Cyprus Mail
