Cyprus property market trends in 2025

Cyprus recorded approximately 18,114 property sales in 2025, reflecting a 15% annual increase. Pavlos Loizou, CEO of Ask Wire, noted that the market is shifting toward prioritize quality and sustainability over transaction volume. Apartments represent 81.6% of new home sales, primarily concentrated in Limassol, Larnaca, and Paphos due to their affordability. The commercial sector shows polarization, as Grade A office space in Limassol and Nicosia maintains high occupancy rates of 92-95%, while older buildings face rising vacancies. The country's economic growth of 3.2% and a record-breaking tourism year with 4.5 million visitors and €3.6 billion in revenue continue to attract foreign investment. Additionally, short-term rental activity is growing rapidly, further driving demand in coastal areas. Cyprus is increasingly establishing itself as a hub for international technology and fintech firms that require modern, high-spec office infrastructure.