The Cyprus real estate market has shown robust growth in the first four months of 2025, with a 12% increase in property sales compared to the same period in 2024. According to the Department of Land and Surveys, 5,541 property transactions were recorded between January and April 2025, up from 4,963 during the same timeframe last year.
📊 Sales by District (January–April 2025)
| District | Sales (2025) | Sales (2024) | Year-on-Year Change |
|---|---|---|---|
| Limassol | 1,756 | 1,563 | +12% |
| Nicosia | 1,286 | 1,121 | +15% |
| Larnaca | 1,185 | 1,032 | +15% |
| Paphos | 1,067 | 1,026 | +4% |
| Famagusta | 247 | 221 | +12% |
💶 Property Price Trends
While sales volumes have increased, property prices have shown varied trends across districts:
- Apartments: Average prices decreased by over 11% in 2024, from €316,000 to €281,000.
- Houses: Average prices remained stable at €461,000.
📈 Market Drivers
Several factors have contributed to the market’s performance:
- Government Initiatives: First-time buyer subsidies and reduced property transfer fees have stimulated demand.
- Foreign Investment: Continued interest from international buyers, particularly in Limassol and Paphos.
- Economic Stability: Cyprus’s GDP growth and declining inflation have bolstered investor confidence.
🔮 Outlook for the Rest of 2025
The market is expected to maintain its momentum, with sustained demand in urban centers and coastal areas. However, potential challenges include rising construction costs and global economic uncertainties.