The Cyprus property market performed strongly in the first quarter of 2025, with transaction volumes and sales values showing steady growth, according to a report from the Cyprus Board of Registration of Estate Agents.
The council’s report noted that Paphos is currently in high demand among foreign buyers, while Limassol continues to play a key role in the Cyprus property market.
According to the Land Department, in the first quarter of 2025, Limassol continues to hold a leading position both in terms of transaction value (€428.7 million ) and the volume of contracts concluded (1,295). The 1,203 completed transfers confirm the activity of investors and the high demand for properties, both secondary and new build.
Nicosia recorded 1,304 residential property transactions worth €283.5 million and 932 registered sales contracts. The continued interest in new developments confirms the capital’s continued appeal.
Larnaca recorded 843 property transfers worth €154 million and 910 sales contracts. Current investment projects in the area are expected to further expand the market in the coming months.
Paphos recorded 811 transactions worth €199 million and 829 sales contracts in the first quarter. Strong demand, particularly from foreign buyers, highlights the area’s continued vitality in both the residential and investment sectors.
Famagusta recorded the lowest results among the districts, with €48 million in transaction value and 251 transfers. However, the 171 registered sales contracts show growing interest due to affordable prices and development prospects, especially in the tourism sector.
