Andreas Andreou
Looking at a full year’s results is always a revealing moment, not just for analysts, but for readers too. It’s when you can line one year up against another, both locally and nationwide, and see whether expectations held up or reality had other plans.
So, what did 2025 really look like for Cyprus’ property market?
The Big Picture
Across Cyprus, a total of 19,304 property sales were recorded in 2025. That’s only slightly higher than the 19,155 transactions in 2024, a marginal increase of 0.8%. In simple terms, the number of deals stayed more or less flat. Technically speaking, the market moved sideways.
But here’s where things get interesting.
While the number of transactions barely budged, the total value of those transactions jumped sharply. In 2025, property investments reached about €4.55 billion, up from €4.12 billion in 2024, a 10.4% increase in invested capital.
When sales volumes stay steady but money flowing into the market rises, it usually points to one of two things: buyers are opting for more expensive properties, prices have gone up, or both. And given that Limassol wasn’t exactly firing on all cylinders last year, the data strongly suggests that overall property prices increased in 2025 compared to 2024.
A Surge in New Sales Contracts
Another metric everyone watches closely is the number of new sale contracts, essentially future property transfers already locked in.
Here, the market clearly picked up pace. In 2025, 18,114 new sale contracts were filed nationwide, compared with 15,797 in 2024. That’s a solid 15% increase, pointing to stronger forward momentum and renewed confidence in the market.
How Each District Performed
That’s the nationwide snapshot. But real estate is always local, so here’s how each district stacked up.
Nicosia: Quietly Strong
Nicosia recorded 5,917 property sales in 2025, up from 5,395 the year before, a 9.7% increase. That’s well above the national average and gave the capital 30.7% of total sales volume.
In terms of value, transactions in Nicosia reached €1.04 billion, up from €900.9 million in 2024, marking a 15.4% rise. The capital accounted for 22.9% of total transaction value.
New sale contracts also rose sharply, with 4,115 filings, up 17% year-on-year. Bottom line: Nicosia had a strong, across-the-board year.
Limassol: Fewer Deals, More Money
Limassol saw a slight dip in activity, recording 4,940 sales in 2025 compared with 5,054 in 2024, a 2.3% decrease. That gave it 25.6% of total sales volume, slightly below the national trend.
Yet despite fewer transactions, Limassol once again dominated in value. Total investment hit €1.71 billion, up from €1.47 billion, a 16.3% increase, accounting for 37.6% of all property investment in Cyprus.
New sale contracts climbed to 5,563, up 11%. Even in a quieter year by its own standards, Limassol continued to command the lion’s share of investment capital, as expected for a market of its size and profile.
Larnaca: The Rising Star
Larnaca had a quietly impressive year. Sales edged up to 3,855, from 3,775 in 2024, a 2.1% increase, giving it roughly 20% of total sales.
Transaction value reached €668.2 million, up 10.4% from the previous year, accounting for 14.7% of total investment value.
What really stands out is future demand: 3,978 new sale contracts were filed, a 19% jump. All signs point to Larnaca cementing its reputation as an emerging investment hotspot.
Paphos: A Mixed Picture
Paphos had the toughest year among all districts. Sales fell to 3,415, down from 3,727, a notable 8.4% drop, giving it 17.7% of total sales volume.
In value terms, transactions came in at €925.8 million, slightly down 1.5% from 2024, essentially flat. Still, that represented 20.3% of total transaction value, putting Paphos close to Nicosia in terms of capital invested.
New sale contracts, however, rose 15%, reaching 3,567, suggesting underlying demand remains. The figures also highlight just how comparatively underpriced Larnaca still is, given how closely Paphos matches Nicosia in investment value.
Famagusta: Small but Steady
Famagusta recorded 1,177 sales, slightly down from 1,204, a 2.2% decrease, accounting for 6.1% of total sales.
Total transaction value rose to €214.7 million, an 8.2% increase, making up 4.7% of nationwide investment value. New sale contracts climbed 15%, reaching 891.
Overall, Famagusta posted a solid and positive performance, especially considering its smaller market size.
The Takeaway
In short, 2025 was a year of stable volumes but rising prices, stronger future demand, and clear regional shifts. Nicosia and Larnaca stood out for growth, Limassol kept its grip on big-money investments, and Paphos showed signs of cooling, though not collapse.
The market didn’t explode. But it certainly didn’t slow down either.
*Read the Greek version here.
