In 2025, the Cyprus residential property market continues to show positive dynamics. According to the Land Department, property sales for March 2025 increased by 19% compared to March 2024. The total volume of applications submitted for registration of transactions in the first quarter of 2025 increased by 15% compared to the same period of the previous year.
Limassol maintains its leading position, accounting for almost a third of all property transactions in Cyprus. In March 2025, 477 transactions were concluded in the area, an increase of 11% compared to March 2024. In the first quarter of 2025, 1,295 applications for registration of transactions were submitted, an increase of 15% compared to the same period last year.
Nicosia also shows steady growth. In March 2025, 341 transactions were registered in the capital, an increase of 18% compared to March 2024. In the first quarter of 2025, 932 applications for real estate transactions were submitted, an increase of 15% compared to the first quarter of 2024.
The biggest increase in sales was seen in Paphos, where 294 transactions were registered in March 2025 , up 32% on the same period last year. In Q1 2025, the number of applications was 829, up 7% on 2024.
In Larnaca , 316 properties were sold in the city in March 2025, an increase of 21% compared to March 2024. During the first quarter of 2025, the number of applications submitted increased by 26%, reaching 910 compared to 723 in 2024.
In Famagusta , 63 transactions were registered in the district in March 2025, which is 15% more than in March last year. In the first quarter of 2025, sales increased by 4%, amounting to 171 transactions against 164 in the same period of 2024.
