The 9 per cent increase in Cyprus property sales in November puts the island on track for its best performing year since 2007 – and the third most successful year since records began in the year 2000. According to official statistics published by the Department of Lands & Surveys, total of 1,644 property sale contracts were deposited at Land Registry during the month, up from 1,506 in November...
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Property sales in Cyprus recorded an annual increase of 24 per cent in October, with all districts posting double-digit gains, according to official statistics published by the Department of Lands & Surveys. October was one of the strongest months of 2025, with 1,638 property sale contracts deposited across Cyprus compared to 1,318 in October 2024. All districts recorded...
Despite ongoing backlogs faced by the building permit authorities, new tools introduced over the past year have significantly speeded up approvals, resulting in many permits being issued. According to Interior Minister Constantinos Ioannou, more than 1,300 urban planning and building permits for residential properties have been approved since the launch of the fast-track licensing measures introduced...
Limassol is set to welcome two landmark high-rise developments following approval from the Environmental Authority, paving the way for projects worth a combined total of over €260 million. KEAN Soft Drinks Ltd development in Amathounta The former KEAN factory site in Amathounta, Limassol, will soon be transformed into a €189 million high-rise development. The historic factory will be...
Urban development in Larnaca is accelerating at record speed in 2025, with planning applications rising by 53% compared to last year. The growth is driven by released land in Livadia, Oroklini and Pyla, alongside housing policy reforms, digital permit submission systems and strong demand for residential, hotel and commercial units. According to the Larnaca District Local Government Organisation (EOA)...
Following yesterday’s report that property sales in Cyprus declined by 1% in August, the Department of Lands and Surveys released a more detailed analysis earlier today. According to the analysis, overall sales activity in the domestic market remained broadly stable, thanks largely to the continued strength of Limassol’s property sector, which helped offset weaker trends elsewhere. The slight...
The Cyprus property market continued its upward path during the first half of 2025, according to the latest figures released by the Real Estate Agents Registration Council of Cyprus. Data compiled by the Department of Lands and Surveys revealed a total of 8,729 sale contracts were filed between January and June, marking a 16% increase compared to the same period in 2024, which saw 7,553 contracts...
The 60th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus districts and main property types. On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated: “The first quarter of 2025 presents an overall increase in...
The Cypriot real estate market showed clear signs of a slowdown in April 2025, particularly at the luxury end of the market. According to data released by Ask Wire, a tech-driven property data firm, the 10 most expensive property transactions across the island totalled €18.4 million. The top 50 deals came to a combined value of €43.8 million. The most expensive single transaction occurred in...
Following our previous update, we can now share a more detailed breakdown of the Cyprus property market in April 2025, based on recently released data from the Department of Lands and Surveys. A total of 1,404 properties were sold, marking a 3% increase compared to April 2024, when 1,366 transactions were recorded. Let’s take a closer look at how the market performed across...