Cyprus property market reaches record price levels in 2026

In 2025, the Cyprus property market saw 25,600 transactions totaling €6.5 billion, representing an 8% annual increase. Foreign buyers accounted for 28% of all transactions, with a 16% year-on-year rise in their purchasing activity. Data from the Central Bank of Cyprus for the first quarter of 2026 indicates that apartment prices rose by 10.8% to 11.4% annually, depending on the analysis, surpassing the previous 2008 peak. Conversely, house price growth remained more modest at approximately 1.9% to 3%. The rise in prices is attributed to limited new supply, elevated construction costs, and sustained demand from both domestic and international investors. Geographically, Larnaca and Paphos reported the strongest quarterly gains, while Limassol remains a primary hub for luxury investment. Overall, the property price index is now 65% higher than its 2006 low point.