Cyprus real estate market performance in 2025

In 2025, the Cypriot real estate market reached record levels in both volume and transaction value, according to a PwC report. Residential properties remained the primary market driver, accounting for €4.5 billion in total transaction value, or 69% of the market. Foreign buyers purchased 7,255 properties, marking a 16% increase from the 6,228 acquisitions recorded in 2024 and representing 28% of total sales. Coastal cities including Paphos, Larnaca, and Limassol were responsible for 80% of the growth in foreign property acquisitions. Apartment sales emerged as the dominant segment, contributing 60% of the overall growth in transaction values as investors and buyers shifted away from higher-priced houses. Data from Landbank Analytics covering new off-plan properties shows that the most popular price range for apartments was €150,000–€300,000, which accounted for 53.2% of sales. Conversely, house sales were concentrated in the €300,000–€500,000 range. Overall, 6,382 apartment sales occurred in 2025 with a total value of €1.77 billion.