The Cyprus residential real estate market is demonstrating stability and resilience, according to the latest Insights Report for the third quarter of 2025 released by Cyprus Sotheby’s International Realty.
The report confirms that demand remains high among both local and international buyers, with the total number of property transactions across the island increasing by 6% year-on-year (Q3 2024 – Q3 2025).
The market is being driven primarily by new developments, supported by limited quality resale supply and growing interest in modern, well-conceptualised properties. The most active expansion is seen in the mid- and high-end segments: house transactions priced from €500,000 rose by 26%, and apartment transactions from €200,000 increased by 10%.
By district
Limassol remains the volume leader, recording 987 transactions in Q3 2025. Despite a slight price correction in the premium segment, the region retains its dominant position in investment activity. Paphos follows closely with 961 transactions, maintaining strong foreign buyer interest. While average apartment prices rose by 1% and house prices decreased by 3%, Paphos remains attractive for its balance between premium quality and moderate prices.
Larnaca continues to strengthen its reputation as the rising star of the market, recording 907 transactions and stable pricing. Major redevelopment projects around the port and marina are turning it into a new coastal hub.
Meanwhile, Nicosia shows steady growth, particularly in modern urban homes and apartments. House prices in the capital saw a notable increase of 11% year-on-year.
Market transition
The report highlights that the Cyprus real estate market is entering a phase of growth. Buyers are becoming more selective, increasingly focusing on quality, infrastructure, and long-term value, with developers responding with better-designed and more efficient projects.
“After several years of rapid growth, the market is showing maturity,” notes Anastasia Yianni, CEO of Cyprus Sotheby’s International Realty. “What we are witnessing now is a balanced evolution — where the focus shifts from square metres to the quality of life and long-term value.”
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