According to official data from the Land Department, the number of sales contracts registered in January increased by 21% compared to the same period in 2024. The increase was seen in all areas of the country, with the most notable changes recorded in Famagusta , where sales increased by 40%. Limassol also performed well, with transactions increasing by 36%. Larnaca saw a 20% increase, Nicosia 13% and Paphos 5%.
This sharp increase reflects stronger investor confidence and robust demand for residential property. A stable economy, strong foreign investment and strong local demand are driving the market’s positive dynamics.
Limassol , known as a business and financial centre, continues to attract buyers. At the same time, increased interest in coastal properties in Famagusta indicates a recovery in demand for properties in this area. Infrastructure developments in Larnaca also played an important role in the increase in transactions. Nicosia continues to be a stable market due to its status as the capital.
The positive trend in property transactions is indicative of a thriving property sector, setting an optimistic tone for 2025. If the current trend continues, Cyprus could experience another successful year in property, strengthening its appeal to local and foreign buyers.
However, some MPs have expressed concern about the rise in foreign buyers pushing up property prices, particularly for young couples looking for affordable homes.
While EU countries generally allow foreign ownership of property, many impose restrictions. For example:
- Finland is considering tightening its legislation for reasons of national security.
- In Greece, a special permit is required to purchase real estate in border areas.
- The UK is applying tax and anti-corruption measures to foreign buyers.
- Spain is considering new measures to combat the housing crisis, including increasing the tax on property purchases for non-EU citizens. In some cases, the property tax for such buyers could double.
Comparison of the number of registered transactions in January 2024 and 2025
| District | 2024 | 2025 |
| Limassol | 315 | 429 |
| Pathos | 242 | 255 |
| Larnaca | 215 | 259 |
| Nicosia | 244 | 276 |
| Famagusta | 40 | 56 |
