This article is based on reporting from Cyprus Mail (03 September 2025) and official data from the Department of Lands and Surveys, combined with RealtyHub’s analysis of district-level trends.
A Rising Market, With a Pause in August
The Cypriot property market has once again proven its resilience. In the first eight months of 2025, sales documents rose 13% year-on-year, according to the Department of Lands and Surveys. A total of 11,689 transactions were recorded between January and August, up from 10,345 in 2024.
August marked the first minor decline of the year—just a 1% dip. In our view, this should be seen more as a pause than a reversal, especially given the strong performance in June and July.
Limassol Stays on Top
No surprise here: Limassol remains the heartbeat of Cyprus real estate. The city not only dominated in volume but was also the only district to post growth in August, rising 20% year-on-year. For the January–August period, Limassol reached 3,720 sales, a 13% jump compared to 2024.
We believe Limassol’s consistency once again confirms its role as the market’s anchor, largely driven by foreign demand, luxury sales, and large-scale development.
Nicosia and Larnaca Outperform the Average
The capital, Nicosia, delivered an impressive 15% increase overall, reaching 2,640 transactions. Yet it also highlighted the volatility of monthly swings: August saw a 7% decline after a remarkable 36% surge in July.
Larnaca mirrored this trajectory. The district recorded a 15% gain over the eight months but dipped 9% in August. Still, both regions are consolidating growth, supported by infrastructure upgrades and rising demand for more affordable housing compared to Limassol.
Mixed Picture in Paphos and Famagusta
Paphos added stability with 10% growth year-on-year (2,218 sales), though August brought a 6% decline.
The most dramatic movement came from Famagusta. While the district recorded 10% growth overall, August transactions collapsed by 30%, reflecting the area’s dependence on holiday home demand and seasonal patterns.
Beyond Transactions: The €2.3 Billion Story
Numbers alone tell part of the story. According to our analysis, the nearly €2.3 billion in transfers during the first half of 2025 points to a market that is not only expanding but also consolidating across multiple districts. Limassol accounted for the largest share (€809m), with Nicosia following at €555m. Paphos and Larnaca also posted double-digit gains, highlighting the breadth of market momentum.
Even smaller districts like Famagusta benefited, largely from second-home buyers seeking coastal retreats.
Cyprus real estate is expanding in 2025, with growth broad-based across districts despite short-term August fluctuations. The winners remain Limassol, Nicosia, and Larnaca, while Paphos and Famagusta show seasonal sensitivity. In our opinion, these dynamics make it more important than ever to have a clear view of the market. With RealtyHub MLS, agents can access insights that help you anticipate the next move and helping them draw their own conclusions and act with confidence.
