A strong 24 per cent increase in Cyprus property sales in December, together with steady growth throughout the year, has made it the country’s best year for property sales since the record-breaking year of 2007.
In 2007, property sales peaked at 21,245. However, the global financial crisis, the most severe worldwide economic downturn since the Great Depression of the 1930s, triggered the collapse of property bubbles across the world.
In Cyprus, property sales continued to fall until the island faced its own financial crisis in 2012–13. In March 2013, Cyprus agreed to a €10 billion bailout package with a troika of international lenders: the European Commission, the International Monetary Fund, and the European Central Bank. As part of the agreement, the troubled Laiki Bank was closed, uninsured bank deposits exceeding €100,000 were subject to a “haircut,” and the remaining assets of Laiki Bank were transferred to the Bank of Cyprus.
As a result of the severe economic conditions, property sales plunged to just 3,767 transactions in 2013.
Since then, the property market has gradually recovered, although it has faced several challenges along the way. These have included the impact of the COVID-19 pandemic in 2020, the fallout from the notorious “Golden Passport” scheme, and long-standing structural issues such as title deed delays, property repossessions, and non-performing loans.
District sales December 2025 vs December 2024
According to official statistics published by the Department of Lands & Surveys, total of 1,659 property sale contracts were deposited at Land Registry offices during December, up from 1,339 in December last year.
All districts recorded increases in property sales:
- Nicosia: 366 vs 315 (+16%)
- Limassol: 478 vs 428 (+12%)
- Larnaca: 380 vs 263 (+44%)
- Famagusta: 93 vs 67 (+39%)
- Paphos: 342 vs 266 (+29%)
Annual property sales 2025 vs 2024
During the twelve months of 2025, total sales rose 15 per cent to 18,114, compared with 15,797 in 2024, with all districts achieving double-digit gains.
- Nicosia: 4,115 vs 3,527 (+17%)
- Limassol: 5,563 vs 5,032 (+11%)
- Larnaca: 3,978 vs 3,356 (+19%)
- Famagusta: 891 vs 775 (+15%)
- Paphos: 3,567 vs 3,107 (+15%)
Three-year comparison: Nicosia Leads Growth
Land Registry data from 2023 to 2025 show clear differences in how Cyprus’ property market performed across districts:
Nicosia recorded the strongest growth over the three-year period. Property sales rose from 3,105 in 2023 to 4,115 in 2025, an overall increase of 32.5%, the highest among all districts.
Larnaca also showed strong growth, with sales increasing from 3,185 in 2023 to 3,978 in 2025. This represents a total rise of 24.9%, the second-highest increase.
In Limassol, sales were 5,092 in 2023, fell slightly to 5,032 in 2024, and then increased to 5,563 in 2025. Overall, this equals a net rise of 9.2%.
Famagusta saw sales grow from 812 in 2023 to 891 in 2025, an increase of 9.7%. Paphos recorded the smallest change, with sales rising from 3,373 to 3,567, up by 5.8%.
Overall, the figures show that the Cyprus property market grew between 2023 and 2025, but at different speeds in each district. Nicosia and Larnaca recorded the strongest growth.
