Cyprus Sales Surge: 2025 Property Market Breaks Records

6 June 2025

The Cyprus property market is on the rise and Square One is at the heart of the action.

In May 2025, the island recorded 1,664 property sales, the highest monthly total in 17 years, according to official figures from the Department of Lands and Surveys.

That’s a 30% increase compared to May 2024 and a clear sign of growing investor confidence.

From local buyers to international investors, interest in the Cyprus real estate market is heating up.

At Square One, we’ve seen a strong uptick in demand across Limassol and Paphos, particularly in off-plan and high-yield rental opportunities.

May 2025 Snapshot: Strong Growth Across All Districts

Every district in Cyprus saw year-on-year growth in sales. While Limassol continues to lead in volume, other areas like Paphos and Famagusta recorded some of the strongest growth percentages.

Sales Breakdown (May 2025 vs May 2024):

Limassol: 525 sales (+18%)
Larnaca: 369 sales (+37%)
Nicosia: 369 sales (+26%)
Paphos: 304 sales (+44%)
Famagusta: 77 sales (+54%)

These numbers include residential, commercial, and land sales—showing healthy, broad-based market activity.

What’s Fueling the Rise?

The increase in sales isn't random. Several key factors are driving this growth:

Lower interest rates: Housing loan rates are now around 3.78%, making it easier to finance purchases.
Faster permit processing: Improvements in planning and building approvals are encouraging new developments.
More attractive pricing: Property prices are stabilising, giving buyers better value for money.
Investor confidence: Demand from foreign investors is growing steadily, especially for properties eligible for residency.

A Strong First Half: January to May 2025

In total, 7,185 contracts of sale were deposited in the first five months of 2025—a 15% increase compared to the same period in 2024.

Year-to-Date Sales (2025 vs 2024):

Limassol: 2,281 (+14%)
Nicosia: 1,655 (+17%)
Larnaca: 1,554 (+19%)
Paphos: 1,371 (+11%)
Famagusta: 324 (+19%)

The data confirms what we’ve known all along: Cyprus continues to offer exceptional opportunities for real estate investors.

What This Means for Cyprus Property Buyers and Investors

Whether you're looking to buy your first property, expand your portfolio, or secure permanent residency, 2025 is proving to be one of the best years to invest in Cyprus.

At Square One, we specialise in sourcing and developing high-performing properties in strategic locations—offering turnkey investment options that are fully managed and ready for both short- and long-term rental income.

Explore Investment Opportunities with Square One

At Square One, we’ve delivered 32 real estate projects since 2022, with over €80 million in sales, 300+ apartments, and more than 30,000 square metres of residential space developed.

Our growing team of 25+ professionals is behind some of the most strategic off-plan, under-construction, and completed properties across Limassol and Paphos.

Whether you're looking for rental yield, capital appreciation, or residency-eligible investments, we offer turnkey, fully managed solutions across Cyprus’s most promising neighbourhoods.

Sources:

Department of Lands and Surveys – May 2025
Bank of Cyprus Housing Report – Q4 2024

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Disclaimer

This article is provided for general information purposes only and does not constitute legal or tax advice. Always consult a licensed tax advisor for personalised guidance.

Article by: Angelo Coralini