Cyprus property market reaches record highs in 2025

The Cypriot real estate market achieved record performance in 2025, with total transaction value rising 8% to €6.5 billion and the number of deals increasing 4% to 25,600. Residential properties accounted for €4.5 billion of the total, with apartments acting as the primary growth driver. Demand from foreign investors saw a 16% increase, with Paphos, Larnaca, and Limassol accounting for 80% of this rise. The luxury segment, defined as transactions over €1.5 million, remained stable at 203 deals worth €550 million. While Limassol remains the dominant district with 41% of the total transaction value, its market share for luxury properties declined from 76% in 2024 to 61% in 2025, while Paphos increased its luxury share to 28%. The market growth was supported by a 3.8% GDP increase and a 0.8% inflation rate. PwC Cyprus noted that these figures reflect activity prior to the outbreak of the regional conflict in the Middle East, which has introduced uncertainty for 2026 projections.