Cyprus Property: Sales Boom and Investment Prospects in 2025

The Cyprus property market is showing impressive growth. According to the Cyprus Land Department data for February 2025, sales increased by 7% year-on-year, indicating ever-growing interest from both local and foreign investors.

This trend is unevenly distributed across the island, showing a stark picture of regional differences.

• Larnaca:  Showed the most significant growth in sales – 36% compared to February 2024. Around 300 properties were sold in the city.
• Nicosia:  Moderate but steady growth – 13%. Also around 300 transactions in a month.
• Limassol:  Leads in the number of transactions – 389 properties, an increase of 5%. Despite a smaller percentage growth, the absolute number of sales is impressive.

• Paphos: Sales down 10% but still high with 280 properties in February. Despite the decline, Paphos remains a popular destination for foreign investors.
• Famagusta: The biggest drop was 25%. Only 52 properties sold. Interestingly, this is the region where the decline in foreign buyers’ interest was felt the most (-18%).

Foreign investment plays a key role in the dynamics of the Cyprus real estate market. The total volume of transactions involving foreigners increased by 8% compared to February 2024. Paphos, Limassol and Larnaca remain the most attractive for foreign investors.

This fact confirms the attractiveness of Cyprus as a place to live and invest.

It is important to note that investing in Cyprus real estate opens the way to obtaining a permanent residence permit (PR). An investment of 300,000 euros in residential or commercial real estate (one or two properties can be purchased) gives the right to obtain PR. The return on investment is possible 8 years after obtaining a regular PR or citizenship by naturalization. This makes Cyprus attractive not only in terms of capital growth, but also in terms of migration.

The average price of a house in Cyprus is €270,000. According to the Central Bank of Cyprus, the growth of property prices is slowing down. In the third quarter of 2024, the price index increased by 0.9%, which is less than the 1.6% in the previous quarter. This indicates that the market is stabilizing and the risk of overheating is decreasing.

Mercury Group offers a wide range of verified properties in Cyprus: villas, apartments and commercial properties. We take care of the search for the best options, saving your time and resources.

The Cyprus real estate market is showing steady growth, despite regional differences. Increased interest from foreign investors, the residence permit program and slowing price growth create favorable conditions for profitable investments.

By contacting Mercury Group, you can be sure of the reliability and transparency of the transaction, gaining access to the best offers on the Cyprus real estate market.