In January 2025, Real Estate Sales in Cyprus Increased by 21%

On February 4, the Cyprus Land Department released fresh statistics on real estate transactions for the first month of 2025. According to official data from the Department of Land Resources and Cadastre, 1,275 sales contracts were registered in January, marking a 21% increase compared to the same period in 2024.

A positive trend was observed across all regions of the country, with the most significant growth recorded in the free areas of Famagusta.

• Famagusta (+40%) showed the highest percentage increase, with 56 contracts registered in January 2025, compared to 40 a year earlier. The active development of the region’s tourist infrastructure continues to attract buyers and investors.
• Limassol (+36%) maintains its leading position, reaching 429 transactions in January 2025 (compared to 315 in the previous year). The strong demand for real estate in Limassol is driven by its popularity among expatriates who view the city as Cyprus’s financial and business hub.
• Larnaca (+20%) demonstrates stable growth, with 259 transactions in January 2025, up from 215 in 2024. This is largely due to urban infrastructure modernization and the increasing number of new residential complexes. The city is becoming increasingly attractive for those seeking a balance between comfort, affordability, and investment opportunities.
• Nicosia (+13%), as the country’s administrative and business center, recorded 276 transactions in January 2025, compared to 244 a year earlier. The growing demand here is attributed to economic activity, the rise in commercial real estate, and rental housing.
• Paphos (+5%) remains a preferred location for foreign buyers, particularly Europeans. In January 2025, the region saw 255 transactions (compared to 242 in January 2024). While the growth is more moderate, it reflects the market’s stability and sustained interest in Paphos real estate.

This strong start to 2025 highlights the stability and attractiveness of the Cypriot real estate market. The increase in sales across all regions indicates high demand and growing interest.

Growth in Real Estate Sales in Cyprus’s Domestic Market

Compared to January 2024, the number of transactions in the domestic market increased by 27%, accounting for 60% of total sales for the month. The domestic market remains stable, supported by strong demand from local buyers.

• Limassol: +50%
• Larnaca: +22%
• Nicosia: +18%
• Famagusta: +10%
• Paphos: +8%

Increase in Real Estate Sales Among Foreign Buyers in January

In January 2025, demand for Cypriot real estate from foreign buyers, including EU and non-EU nationals, rose by 12% compared to the same period in 2024.

The highest growth was recorded in the following districts:

• Famagusta: +74%
• Larnaca: +18%
• Limassol: +16%
• Paphos: +5%

January 2025 marked a strong start for the Cypriot real estate market, showing a significant 21% increase in sales compared to the same period last year. Growth was observed both in the domestic market (+27%) and among foreign buyers (+12%), reflecting the sector’s stability and attractiveness to investors.

This surge in sales reinforces investor and buyer confidence in the Cypriot real estate market, highlighting its resilience and growth potential. If this positive trend continues, 2025 could become one of the most successful years for the sector, further solidifying Cyprus’s position as a top investment destination in Europe.

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