In February 2025, the Cyprus real estate market continued its robust growth, with nationwide property sales increasing by 7% compared to February 2024. According to the land department, a total of 1,371 transactions were recorded this month, up from 1,284 a year ago. Over the first two months of the year, sales documents filed rose by 13% — reaching 2,646 compared to 2,340 during the same period in 2024.
Limassol maintained its status as a market leader with steady growth. In February 2025, the city recorded 389 property sales, marking a 3% increase from the 378 sales in February 2024. The performance in Limassol over the January–February period was even more impressive, with sales documents surging to 818 — an 18% jump from 693 in the corresponding period of the previous year. This consistent performance reinforces Limassol’s reputation as a prime hub for real estate investment on the island.
Larnaca emerged as the standout region, experiencing an extraordinary 36% increase in February sales — rising from 247 transactions last year to 335 in February 2025. Over the first two months, Larnaca witnessed a 29% surge, with 594 sales documents filed compared to 462 during the same period in 2024. This remarkable growth highlights Larnaca’s rising appeal among investors and homebuyers, positioning it as a hotspot for future real estate developments.
The capital city, Nicosia, also demonstrated steady growth in its property market. In February, the city saw a 13% increase with 315 sales, and over the January–February period, transactions reached 591, again marking a 13% rise compared to the previous year. While Nicosia may not have experienced the explosive growth seen in Larnaca, its consistent performance underscores its role as a reliable market for property investments.
Not all regions experienced growth. In Paphos, property sales declined by 10% in February 2025, dropping from 310 to 280 transactions. Over the first two months, sales in Paphos fell slightly by 3%, from 552 to 535. Famagusta, on the other hand, faced the steepest decline, with February sales falling by 25% — from 69 transactions last year to 52 this February. The overall figure for Famagusta in the two-month period remained almost unchanged at 108 sales.
The overall 7% increase in Cyprus property sales in February 2025 underscores a thriving real estate market, driven primarily by dynamic performances in Larnaca and Limassol. While investors and buyers enjoy abundant opportunities in these leading regions, the contrasting trends in areas like Paphos and Famagusta call for a more nuanced approach. As the market evolves, staying informed about regional differences will be crucial for those looking to capitalize on Cyprus’s growing real estate sector.
Cyprus has quickly become one of Europe’s most desirable...
