Cyprus Property Market at the Beginning of 2026

The Cyprus real estate market began 2026 with strong transaction activity, supported by resilient domestic demand and sustained interest from international buyers.

In January 2026, a total of 1,411 property sale contracts were deposited at Land Registry offices across the island, according to data from Cyprus Department of Lands and Surveys, confirming a solid start to the year.

By February 2026, the number of contracts increased further to 1,527 transactions, representing an 11% rise compared with February 2025.

Taken together, the first two months of the year recorded 2,938 property transactions, an 11% increase compared with the same period of 2025, indicating continued momentum in the Cyprus property market.

The data indicates that Cyprus remains an attractive destination for both local buyers and overseas investors, with foreign purchasers accounting for a significant share of transactions. This trend reflects the country’s growing reputation as a secure destination for property investment, supported by its stable legal framework and strategic location in the Mediterranean, as highlighted by Invest Cyprus.

Market structure: domestic buyers remain the largest segment

At the beginning of 2026, local buyers continued to account for the largest share of transactions.

This distribution shows that although the domestic segment still forms the foundation of the market, foreign buyers collectively account for nearly half of all real estate transactions in Cyprus.

Domestic market shows stable performance

Activity among local buyers remained broadly stable compared with the previous year.

District-level results show mixed developments. The Famagusta district recorded the most notable growth, with domestic sales rising by 78%. Moderate increases were also observed in Nicosia (+4%) and Limassol (+2%).

By contrast, Larnaca and Paphos experienced temporary declines, with domestic sales decreasing by 12% and 13% respectively.

February data shows even stronger growth, with 866 sales contracts deposited by Cypriot buyers, compared with 817 in February 2025, representing a 6% year-on-year rise.

At district level, performance varied: the Famagusta district once again recorded the strongest growth, with domestic sales increasing by 100%, followed by Limassol (+26%) and Nicosia (+3%). Meanwhile, Larnaca and Paphos continued to record declines, with domestic sales decreasing by 10% and 20% respectively.

Overall, the figures suggest that local demand remains steady, providing an important base for the Cypriot property market.

EU buyers increase activity

• January 2026

Purchases by citizens of European Union countries strengthened in January. Property purchases by EU nationals reached 206 transactions in January 2026, up from 163 recorded during the same month of the previous year, marking a 26% annual increase.

The most significant growth was observed in Larnaca, where EU purchases surged by 135%. Paphos also recorded strong demand from European buyers, with sales rising by 55%.

In contrast, activity declined in Limassol (-24%) and Famagusta (-26%), while Nicosia remained stable compared with the previous year.

• February 2026

February figures show further growth, with 231 sales contracts deposited by EU buyers, up from 192 in February 2025, reflecting a 20% annual increase.

District performance showed notable variation across Cyprus. Sales increased significantly in several areas, with Nicosia recording the strongest growth at 50%, followed by Limassol (+46%) and Paphos (+39%). In contrast, Famagusta experienced a decline of 55%, while Larnaca recorded a decrease of 7%.

Despite these regional differences, the overall trend confirms increasing participation by EU buyers in the Cypriot real estate market.

Non-EU buyers remain a key market driver

International investors from outside the EU continue to play a major role in the Cyprus property market.

Demand from buyers outside the European Union continued to expand, with 435 transactions recorded in January 2026 compared with 347 in January 2025, representing an increase of roughly 25%.

February figures show continued strong activity, with around 430 property purchases by non-EU nationals, compared with 362 in February 2025, representing an increase of roughly 22% year-on-year.

The sustained interest from non-EU buyers is supported by Cyprus’ investor-friendly environment, transparent legal system, and property acquisition procedures overseen by Cyprus Department of Lands and Surveys.

District trends February 2026: Limassol leads overall sales growth

Looking at the overall market, all districts recorded increases in property sales during February 2026.

The strongest growth was observed in Limassol, where 482 sales were recorded, representing a 24% increase, and in Paphos, which registered 319 sales, up 25% compared with the previous year.

Other districts also reported positive results:

• Famagusta: 63 sales (+14%)
• Nicosia: 332 transactions (+5%)
• Larnaca: 341 sales (+2%)

Outlook for the Cyprus property market

The results of the first two months of 2026 indicate that the Cyprus real estate market remains resilient, diversified, and attractive to international investors. Local buyers continue to provide market stability, while demand from buyers from the EU and non-EU countries supports overall growth.

The data also show that buyer activity is becoming more evenly distributed across all districts, with positive results recorded in every region.

Key factors supporting the further development of the Cyprus real estate market include:

• steady demand for residential property from investors interested in obtaining permanent residency through investment (from €300,000);
• a stable inflow of foreign buyers and the relocation of international businesses;
• balanced construction activity, ensuring the market is not oversupplied;
• rising rental rates: apartments — approximately €900–€1,800 per month, villas — €2,000–€5,000 per month;
• potential rental yields reaching up to 10% annually;
• a favourable tax environment, making Cyprus one of the most attractive EU jurisdictions for real estate investment.

Professional support for property investors

If you are planning to purchase property or considering real estate investments in Cyprus, the specialists at Feod Group are ready to guide you through every stage of the transaction. The company has been operating in Cyprus since 2007 and provides full legal support for property transactions on a turnkey basis, including:

• opening a bank account in Cyprus;
• legal due diligence of the property and the developer;
• analysis, preparation, and support of contractual documentation;
• consultations on tax and investment planning;
• obtaining permanent residency in Cyprus through investment.

Online consultations | Office in Larnaca