Cyprus’ property market continued its upward momentum in May, with property sales continuing to rise despite weaker activity in two districts.
Official figures released by the Department of Lands and Surveys show that 1,723 property sale contracts were deposited at Land Registry offices across the island during May 2026. This represents a 5% increase compared with the 1,644 contracts recorded in May 2025.
The figures cover all segments of the real estate market, including residential properties such as houses and apartments, commercial assets including offices, retail premises and warehouses, as well as land transactions involving building plots and agricultural fields.
While property sales declined in Nicosia and Famagusta, strong performances in other districts more than offset the losses. Sales in Nicosia fell by 12%, while Famagusta recorded an 8% decrease year-on-year.
In contrast, Paphos delivered the strongest growth, with property sales climbing by 24% compared with May last year. Larnaca also reported a solid increase of 14%, while Limassol recorded growth of 2%
Property sales continue to rise in 2026
The positive trend has been evident throughout the year. During the first five months of 2026, a total of 8,043 property sale contracts were deposited at Land Registry offices across Cyprus.
This marks a 12% increase on the 7,185 contracts recorded during the same period in 2025, with every district reporting year-on-year growth.
Limassol remained the island’s busiest property market, recording 2,537 sales contracts between January and May. Nicosia followed with 1,749 transactions, narrowly ahead of Larnaca with 1,747. Paphos recorded 1,631 sales, while Famagusta accounted for 379 transactions.
The latest figures underline the continued resilience of the Cyprus property market, with demand remaining strong across key residential, commercial and land sectors despite regional variations in activity.
