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...
Cyprus’ property market continued to show resilience this April, with a slight increase in overall sales compared to the same month in 2024. Despite minor fluctuations in some districts, the broader outlook for 2025 remains cautiously optimistic. April 2025 property sales overview A total of 1,404 property sales, as recorded by the number of sales contracts deposited at Land Registry offices, were...
Cyprus’ property market has hit the ground running in 2025, with property transfers worth an impressive €1.1 billion completed nationwide and 4,137 sale contracts filed during the first quarter alone. The start of the year has seen strong performance, with a notable 15% year-on-year increase in the number of sale contracts filed across the Republic. According to data from the Department of Lands...
The number of building permits issued in 2024 fell 4.8% compared to the number issued in 2023, according to figures released by CySTAT. During the period from January to December 2024, a total of 6,827 building permits were authorised, compared to 7,170 in the same period of the previous year. Of these, 4,706 permits related to residential buildings, while 1,066 were issued for non-residential...
Cyprus’ real estate market saw a notable 19% surge in property sales in March compared to the same month last year, with all districts reporting double-digit increases over March 2024. Sales in Paphos rose by 32%, sales in Larnaca rose 21%, sales in Nicosia were up 18%, sales in Famagusta rose 15% and finally sales in Limassol rose by 11%. Although Limassol recorded the smallest percentage rise in...
Property prices in Cyprus have risen to levels last seen in 2012, just before the banking crisis. The apartment price index has reached a historic high, according to data from the Central Bank of Cyprus. The apartment price index, based on a reference value of 100 in the third quarter of 2024, increased to 113 points from 112.3 in the second quarter. This exceeds the previous peak of 105.8 recorded in...
The Cyprus government is taking action to ease the housing crisis, according to Interior Minister Konstantinos Ioannou. He highlighted a 44.4% rise in building permits for residential units in the first half of 2024. This, along with a small drop in construction material costs, is helping to improve the housing market, which had struggled in recent years. Speaking at a property development...
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...
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...