The Cyprus residential property market continues to show strong growth, but behind this dynamic there is a serious social problem. In the first half of 2025, the number of transactions increased by 15%, reaching 8,500, and by the end of the year more than 18,000 transactions are expected to be registered – a record for the last 15 years. However, the rapid development of the market leaves students and families facing high rents.
The president of the Cyprus Association of Property Appraisers, Polis Kourousidis, noted that studying on the island is becoming increasingly expensive not only because of the cost of tuition at private universities, but also because of rental prices. According to him, the cost of studying in Cyprus is approaching the cost of studying abroad, which forces many students to choose universities outside the country.
He stressed that the development of higher education must be accompanied by an adequate housing policy. One solution could be for universities to provide dormitories or apartments for 5-10% of students.
Language programs offered by state universities are attracting additional students from abroad, increasing pressure on the rental market. In Nicosia, areas near the University of Cyprus and the University of Nicosia are seeing a surge in new housing developments, which the expert sees as a positive factor. The increase in supply should help curb price increases, although demand still exceeds the market’s capacity.
For families with sufficient funds, buying an apartment for a student can be a profitable solution. Experts note that, despite high prices, real estate investments remain relevant, since the property can be used after graduation. Average buyer activity indicates a high level of trust in the market: transactions are made not only by foreigners, but also by local residents, who then reinvest the funds received.
