Ask Wire, a technology-based company that monitors transactions, asking prices, and construction activity in the real estate sector, has processed and published data on the 10 most expensive property sales completed in January 2025, along with the total value of the 10 highest sales per district. The 10 most expensive property sales across Cyprus had a total value of €12.1 million, with the...
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The RICS Cyprus Property Price Index with KPMG in Cyprus, which records the property price and rental index by tracking property and rental prices across all Cyprus districts and main property types, has been issued for the fourth quarter of 2024. On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated: “The Index for the fourth quarter...
Foreign buyers have played a dominant role in the Cyprus property market since 2015, with the coastal city of Paphos emerging as the most sought-after location. According to government data released on Wednesday, 83% of property sales in Paphos were made to non-Cypriots. Figures provided by the Interior Ministry to Parliament reveal that in 2015, 75.86% of property sales in Paphos were...
The number of properties across all districts that have been bought by foreign nationals in recent years is significant, according to official figures provided by the Department of Lands and Surveys. Based on figures submitted to the House of Representatives by Interior Minister Constantinos Ioannou, more than 37,000 properties have been sold to foreign buyers – including EU citizens and nationals...
Cyprus’s real estate market maintained previous year’s levels in 2024, with 19,155 property transfers worth €4.3 billion and 15,797 sales contracts filed nationwide, according to data from the Department of Lands and Surveys. Year-on-year figures show a 1.8% increase in property transfers and a 1.5% rise in sales contracts, although the total value of transfers decreased by 2.3%. “2024 was...
Cyprus’ apartment market presents a stark contrast between Limassol and Nicosia, as highlighted by real estate analytics firm Ask Wire. Limassol’s luxury apartment prices soar to €5 million, while Nicosia offers affordable options starting at just €50,000. Together, these cities dominate the country’s apartment sales, accounting for the majority of transactions. Using data from...
New data from Landbank Analytics has mapped the highest-demand residential areas across Cyprus’s districts for the period January to September 2024, based on analysis of sale contracts filed with the Department of Lands and Surveys. “Our analysis aims to capture the island-wide interest in residential properties and track which areas are gaining or losing momentum”, said Landbank Group CEO...
Rental property investments in Cyprus are generating significantly higher returns than bank deposits, with rental yields ranging from 4 to 6 per cent compared to the average bank deposit rate of 1.98 per cent for one-year household deposits, according to October data. Property consultancy Danos International reports that Limassol, which has seen the highest rent increases in recent months, offers...
The number of Cyprus property sales achieved in October rose by 12 compared with the numbers sold in the same month last year according to official statistics published by the Department of Lands and Surveys. The total number of Cyprus property sales (as measured by the number of sales contracts deposited in Land Registry offices in the free areas of the island) stood at 1,318; an increase of 1% on the...
With the price of rentals surging across Cyprus, affecting both high-end and budget-friendly areas, the Interior Ministry has announced measures to address rising housing costs. Interior Minister Constantinos Ioannou has unveiled a new housing initiative, “Renovate – Rent“, which is designed to increase affordable rentals by bringing vacant properties back into the market. The scheme...