The Cypriot real estate market has experienced a notable surge in activity during the first quarter of 2025. According to the Council for the Registration of Real Estate Agents, there was a 15% year-on-year increase in the number of sales contracts submitted nationwide, totaling 4,137 compared to 3,597 in the same period of 2024.
Despite a slight 2.9% decrease in the volume of property transfers, the total value of these transactions rose significantly by 15%, surpassing €1.1 billion. This growth indicates a strong demand in the market, with supply beginning to meet buyer needs.
Regional Highlights
- Limassol: Maintained its leading position with the highest transaction value at €428.7 million and 1,295 sales contracts filed.
- Nicosia: Recorded the highest number of property transfers, totaling 1,304, with a transaction value of €283.5 million.
- Paphos: Continued its upward trend with 811 transfers valued at €199 million and 829 sales contracts, reflecting strong interest, particularly from foreign buyers.
- Larnaca: Demonstrated dynamic growth with 843 transfers worth €154 million and 910 sales contracts, signaling increasing demand.
- Famagusta: Although it had the lowest figures, the area showed positive trends with 251 transfers valued at €48 million and 171 sales contracts, indicating growing investment interest.
For investors and homebuyers, these developments suggest a robust and evolving real estate landscape in Cyprus, offering opportunities across various regions.
Source: CNA