Andreas Andreou
By Andreas Andreou*
Even though July marks the start of summer holidays for Cypriots, the month delivered a strong push to the property market. A significant part of this surge comes from foreign buyers, who this year have flocked to the island, bringing the country to near-full tourist capacity. All measurable indicators point to July 2025 as the strongest month for property sales so far this year.
Across Cyprus, a total of 1,878 property sales (transfers) were recorded in July, making it the top month of 2025, narrowly surpassing June. Compared with July 2024, which saw 1,856 sales, this represents a modest rise of 1.2% year-on-year.
Looking at contracts submitted (future property transfers), the picture is even brighter. A total of 1,832 contracts were lodged this July, up 11% from the 1,657 submitted in July 2024. As a result, the first seven months of 2025 ended with an overall increase of 15% compared with the same period last year.
The total transaction value in July reached around €464.4 million, up from roughly €427.3 million in July 2024, an increase of 8.7% in invested capital.
Performance by district
Nicosia: The capital recorded 558 sales in July, up 15% from 485 last year. Total transaction value surged 16.2% to €101.3 million from €87.2 million in July 2024, fully reversing June’s weaker performance. Nicosia accounted for 29.7% of sales and 21.8% of the total transaction value in July. Contracts lodged jumped 36% to 422, and for the first seven months, Nicosia is up 17% in new contracts.
Limassol: Sales slipped slightly to 520 in July from 553 last year, a 6% decline, but total transaction value soared 19.1% to €202.5 million from €170 million. Limassol held 29.4% of sales and 43.6% of total transaction value, also posting 579 new contracts, up 5% from last year. These numbers confirm Limassol as the powerhouse of the market.
Larnaca: Sales rose to 378 in July from 346, a 9.2% increase, while total transaction value jumped 20.4% to €62 million from €51.5 million. However, new contracts fell 6% to 395 from 418 last year, though investment interest remains strong.
Paphos: Sales declined 17.9% to 317 from 386, and total transaction value dropped 19% to €82.8 million from €102.2 million. Paphos held 16.9% of sales and 17.8% of total value, keeping it second after Limassol in capital invested. Interestingly, new contracts grew 16% to 342, suggesting the district still attracts investor interest.
Famagusta: The district saw 105 sales, up 22.1% from 86, while total transaction value was largely unchanged at €15.9 million, down slightly from €16.2 million. New contracts rose 13% to 94, showing a moderate boost for the region.
Overall, July has shown that Cyprus’ property market is holding strong, buoyed by both local and international demand. The performance across districts highlights Limassol’s dominance in value, Nicosia’s rising momentum, and the steady interest in other regions, suggesting a healthy market heading into the peak summer season.
*Andreas A. Andreou, MRICS, CEO, APS Andreou Property Strategy – Chartered Surveyors
*This op-ed was translated from its Greek original.
