Cyprus Property Sales Surge 13% in 2025: What It Means for Agents and Investors

A Rising Market, With a Pause in August

Cyprus recorded 11,689 property sale contracts between January and August 2025, up from 10,345 in the same period of 2024—a 13% year-on-year increase. August was the first month of the year to show a decline, but it was small: 1,128 contracts were filed, compared with 1,135 a year earlier.

One month does not define the year. After gains in June and July, the August result looks like a pause in a market that remained ahead of its 2024 pace through the first eight months.

Limassol Stays on Top

Limassol recorded the highest number of sale contracts among Cyprus’s districts. Between January and August 2025, it reached 3,720, up 13% from 3,299 a year earlier. It was also the only district to post year-on-year growth in August: contracts rose 20%, from 346 to 416.

Those figures confirm Limassol’s lead in contract volume during this period. They do not, on their own, show which buyer groups or property segments drove that growth.

Nicosia and Larnaca Outperform the Average

Nicosia recorded 2,640 sale contracts from January to August, a 15% increase year on year. Its August total fell 7%, following a 36% rise in July.

Larnaca also gained 15% over the eight months, reaching 2,564 contracts. In August, however, its monthly total declined 9% year on year. Both districts finished the period ahead of their 2024 totals despite those monthly dips.

Mixed Picture in Paphos and Famagusta

Paphos reached 2,218 contracts between January and August, up 10% from the same period in 2024. Its August figure was 6% lower year on year.

Famagusta also posted 10% growth across the eight months, reaching 547 contracts. Its August total fell from 86 to 60, a 30% decline. Because the district records fewer contracts than the larger markets, changes in a single month can produce a pronounced percentage swing.

Beyond Contracts: The €2.3 Billion Story

Sale contracts show new agreements filed with the Department of Lands and Surveys. Property transfers are a separate measure and should not be treated as the same transactions occurring at the same time.

In the first half of 2025, the value of property transfers approached €2.3 billion. Limassol accounted for approximately €809 million, followed by Nicosia at €555 million. These values add another dimension to the contract figures, showing where substantial transfer activity was recorded.

Across January–August 2025, every district recorded more sale contracts than in the same period of 2024, even though four of the five districts declined in August. For agents, the useful lesson is to read monthly changes alongside longer periods—and to keep contract counts distinct from transfer values.

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